--Spain's Repsol and Italy's Eni are struggling to get U.S. support for recovering around $6 billion of debt repayments owed to them by the Venezuelan state, the Financial Times reports, citing unnamed sources.
--The European energy majors had been receiving Venezuelan crude oil in exchange for gas and naphtha until last March when the U.S. dialed up sanctions. The companies continued to supply the domestic market while accumulating debt, and are facing indifference from U.S. officials about payment, the FT reports, citing the unnamed sources.
--Representatives for the companies declined to comment, the FT says.
Full story: https://shorturl.at/MBVAn
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(END) Dow Jones Newswires
January 06, 2026 01:12 ET (06:12 GMT)
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