Citing Sanctions, Halliburton Pulls Out of Venezuela
Schlumberger, Chevron, and even Russia's Rosneft seemingly want nothing to do with Venezuela and its sanctioned, oil-soaked economy, now that Venezuela's economy is falling apart ... and oil prices are going down.
Today, yet another huge name in the oil patch announced that it is shuttering its Venezuelan operations, with oilfield services giant Halliburton (NYSE: HAL) announcing that in response to new U.S. Treasury Department regulations covering companies doing business in Venezuela, it will be shuttering its business in the country.
Image source: Getty Images.
Source Fool.com
