Venezuela willing to expand oil area assigned to Chevron-PDVSA joint venture -oil min

Venezuela has engaged in negotiations with U.S. oil producer Chevron Corp to expand the area initially assigned to one of its joint ventures with state-run company PDVSA, oil minister Pedro Tellechea told reporters on Wednesday.

The expansion could be focused on Chevron's largest area of influence, Venezuela's Orinoco Belt, according to the minister.