- Summary- Companies- U.S. ready to allow oil giant to produce, sell Venezuelan oil- Chevron is owed billions in unpaid debts by state-run PDVSA- U.S. aims to shift Venezuelan oil sales from shadow firmsHOUSTON, Nov 23 (Reuters) - Chevron Corp could soon win U.S. approval to expand operations in Venezuela and resume trading its oil once the Venezuelan government and its opposition resume political talks, four people familiar with the matter said on Wednesday.A U.S. authorization for Chevron to help rebuild the country's sagging oil production was one of the biggest plums for bringing about talks between the Venezuelan government and its opposition.Both Venezuelan parties and U.S. officials are pushing to hold talks in Mexico City this weekend, the people said, the first since October 2021."We have long made clear our willingness to provide targeted relief based on concrete steps that alleviate the suffering of the Venezuelan people and bring them closer to a restoration of democracy," said a spokesperson for the U.S. State department.PRE-SANCTIONS OUTPUTBiden's administration had signaled any easing of Venezuela sanctions, including granting Chevron a broad license to revive oil output and regain trading privileges in Venezuela, would come only if the two sides had progressed in political talks."