Halliburton cuts Venezuela staff after U.S. sanctions halt operations | WHAT REALLY HAPPENED X-Frame-Options: DENY X-Frame-Options: SAMEORIGIN

Halliburton cuts Venezuela staff after U.S. sanctions halt operations

Oilfield services provider Halliburton Co has reduced its workforce in Venezuela as a result of U.S. sanctions limiting its operations in the crisis-stricken OPEC nation, a spokeswoman for the company said on Wednesday.

Washington in April limited the activities Halliburton - as well as rivals Schlumberger NV, Baker Hughes Co and Weatherford International Plc - could perform in Venezuela. The United States in 2019 sanctioned state oil company Petroleos de Venezuela as part of its push to oust President Nicolas Maduro.

Halliburton said at the time that it had halted its operations in Venezuela. On Wednesday, the spokeswoman said the company would retain a presence in the country despite the layoffs.

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