Chevron is in talks with the Venezuelan government to gain more control over their joint venture and help Caracas boost oil production. Bloomberg reported that the negotiations are being led by the chief of Chevron’s Venezuelan division, Javier La Rosa, and PDVSA’s president, Asdrubal Chavez, according to unnamed sources in the know. The two had discussed PDVSA giving the U.S. supermajor greater control over the joint operation in exchange for some debt relief. For now, however, the negotiations are informal because Chevron would need…
