Eni SpA said Saturday it is working with Venezuelan counterparties and other authorities to support the revitalization of Venezuela’s energy sector. The statement comes as President Donald Trump’s administration seeks a major role in the country’s oil industry, including a plan for the United States to control 55% of effective output from a joint venture covering fields with roughly 65 billion barrels of proven reserves. Eni said it could not yet comment on next steps and would provide details once they are finalized. The Italian company has significant financial and operational interests in Venezuela, including more than 5.5 billion barrels of recoverable resources and about $3 billion in outstanding receivables owed by PDVSA. Descalzi previously said Eni was actively discussing its operational plans with U.S. partners.