(Bloomberg) — Halliburton Co. is shutting down primary operations in Venezuela as the U.S. tightens sanctions against the Nicolas Maduro regime.“Through December 1, 2020, we are only permitted to perform certain transactions and activities necessary for safety or the preservation of assets in Venezuela, along with other administrative activities,” the company said Friday in a federal filing. “It is unlikely that we will be able to remove our assets that remain in Venezuela and those assets may be expropriated.”The Trump administration is ratcheting up pressure on Maduro’s regime as the country reels from the Covid-19 pandemic and the lowest oil …read more
Source:: Yahoo Finance
