Daphne Psaledakis and Marianne Parraga

WASHINGTON/HOUSTON (Reuters) – The United States on Saturday issued an extended license allowing Chevron Corp to import oil or petroleum products produced by its facilities in Venezuela after the Venezuelan government and its opposition said they would resume political negotiations.

“This action reflects a long-standing US policy of targeted sanctions relief through concrete measures that alleviate the suffering of the Venezuelan people and support the restoration of democracy,” the US Treasury Department said in a statement.

A Chevron spokesman said the company is reviewing the terms of the license.

(Reporting by Gary McWilliams)