Chevron has a joint venture with state-owned oil company Petróleos de Venezuela. The U.S. extended a limited license held by Chevron Corp. on Tuesday that allows the oil company to maintain its operations in Venezuela and negotiate future business in an attempt to encourage talks between the government of Venezuelan President Nicolás Maduro and the U.S.-backed opposition to open a path to free and fair elections. The U.S. didn’t expand the license to allow Chevron to drill for and market Venezuelan crude, as the company had hoped. Chevron didn’t immediately respond to a request for comment. The extension of the license allows Chevron to have talks with Petróleos de Venezuela SA, the state-owned oil company with which it has a joint venture. Previously the company couldn’t directly negotiate with any officials sanctioned by the U.S. Chevron has been lobbying the U.S. to permit it to drill for crude and […]