Eni and Repsol fight to recoup $6bn in gas payments from Venezuela
European groups continued to supply the Latin American country after the US increased economic pressure on Caracas
European groups continued to supply the Latin American country after the US increased economic pressure on Caracas

Deal with South American nation’s government includes guaranteed payment system and plan to triple production

Licence allows nation’s state oil group to sell directly to American companies and on international market

Bounty viewed as symbolic follows licence to Chevron to produce oil in South American country

Supermajor to focus on boosting production from existing operations rather than fast-track expansion, says finance chief

With Hess deal completed and Venezuela license returned the company is on path to rebuilding operations

Authorisation allows Shell-led project to continue after years of sanction-related disruption