The Italian energy company ENI has begun exploiting an important field in the Orinoco oil belt in Venezuela, the company reported. "Less than two months after signing the agreement, we started operating in the giant Jonin 5 oil field in Venezuela. This project plays an essential role in our strategy to expand our presence in the country," the statement said. According to the company's plans, oil production in this area will reach 200,000 barrels per day by 2028. The duration of the agreement is 25 years with the possibility of extension.

The Italian energy company ENI has begun exploiting an important field in the Orinoco oil belt in Venezuela, the company reported. "Less than two months after signing the agreement, we started operating in the giant Jonin 5 oil field in Venezuela. This project plays an essential role in our strategy to expand our presence in the country," the statement said. According to the company's plans, oil production in this area will reach 200,000 barrels per day by 2028. The duration of the agreement is 25 years with the possibility of extension.