Eni confirms US will no longer allow oil payments from Venezuela's PDVSA

31/3/2025 13:06

Italy's Eni confirmed on Sunday it was notified by U.S. authorities it would no longer be allowed to be repaid for gas production in Venezuela through oil supplies given by Venezuelan state oil company PDVSA.



Reuters had reported on Saturday that the U.S. government had notified foreign partners of PDVSA, which include Eni, of the imminent cancellation of authorizations that allow them to export Venezuelan oil and byproducts.



"Eni continues its transparent engagement with U.S. authorities on the matter to identify options for ensuring that non-sanctioned gas supplies, essential to the population, can be remunerated by PDVSA," the Italian energy company said in a statement.



It added, "Eni always operates in full compliance with the international sanctions framework."



Venezuela's President Nicolas Maduro has criticized the sanctions, saying they amount to an "economic war."



The companies that had received licenses and comfort letters from Washington also include Spain's Repsol, France's Maurel & Prom, India's Reliance Industries and U.S. Global Oil Terminals.



Venezuela's Vice President Delcy Rodriguez confirmed on Sunday on social media that the government had been informed about the decision to cancel these authorizations.