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Italian company Eni is working to contribute to the revitalization of the oil sector in Venezuela, in cooperation with Venezuelan authorities, amid American efforts to strengthen its presence in the Venezuelan oil industry. This includes a plan to control 55% of the production from fields containing approximately 65 billion barrels of reserves. Eni is also negotiating new contracts for oil projects and gas exports, with its assets in the country estimated at over 5.5 billion barrels. At the same time, it faces outstanding unpaid dues amounting to nearly 3 billion dollars.
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