24 Hrs
Source:
المشهد العربي
Eini seeks Venezuela expansion to boost Johns 5 output
Eni is negotiating to establish new agreements to redevelop the Junin 5 oil field in Venezuela, with the aim of increasing its production from about 12,000 barrels per day to approximately 200,000 barrels per day. The negotiations involve the Venezuelan Ministry of Energy and the state-owned company PDVSA, in addition to coordinating with American partners. The company anticipates positive and swift results, along with the infusion of the necessary investments. This effort is part of the company's broader initiatives to strengthen its capabilities and achieve greater returns from this important investment asset.
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