Italian energy company Eni said it had been notified by US authorities that it can no longer be repaid for gas that it produces in Venezuela through oil supplies from state-owned PDVSA, as Washington exercises its international sanctions on the South American country.

By Mathew Cohen US authorities have revoked Spanish oil company Repsol's licence to export oil from Venezuela, a company spokesperson confirmed on March 31. The widely expected move follows last month's axing of Chevron's licence.