The Venezuelan government is investigating alleged corruption in a $1.3 billion contract between the state oil company and a private contractor co-founded by a Saudi prince, according to law-enforcement officials and related documents. Venezuela’s inspector general’s office on March 6 recommended that the Public Prosecutor’s Office investigate and charge five current and former executives at Petróleos de Venezuela SA, or PdVSA, for allegedly embezzling public funds by paying inflated fees for the lease…