Eni (E) is working with Venezuelan authorities to help revive the country's energy sector, Bloomberg reported Saturday, citing a company statement.

The company said it was working with Venezuelan companies and authorities to support the rebuilding of the country's energy sector, the report said.

Eni said it was not yet in a position to comment on the next steps and would provide further details once plans are finalized, according to the report.

Eni did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)