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.
