Tough Sanctions Force Halliburton To Suspend Most Operations In Venezuela

Halliburton will suspend most of its operations in Venezuela, the company said, after Washington tightened the noose around Caracas by banning U.S. oil companies operating in the country from drilling for oil, transporting it, or providing any equipment for use in Venezuela. In an SEC filing, Halliburton said the Office of Foreign Assets Control prohibited it from doing most of what it does in Venezuela, including "the drilling, lifting, or processing of, purchase or sale of, or transport or shipping of any Venezuelan-origin petroleum or petroleum…