Chevron Corp has asked the U.S. government to expand its license to operate in Venezuela after the oil major agreed with state-run PDVSA to revamp joint ventures in the sanctioned country, six people close to the matter said. Chevron’s authorization request is the California-based company’s latest attempt to have a greater say in its Venezuelan ventures, revive production and resume trading Venezuelan oil. U.S. sanctions in recent years have sharply cut the country’s production and restricted operations, especially those with foreign partners. Last spring, Chevron won approval to negotiate with Venezuelan officials, but Washington insisted that it would not ease sanctions without progress on a dialogue between President Nicolas Maduro and the political opposition led by Juan Guaido. In late August, the U.S. Treasury Department’s […]