Halliburton: $400 Million Exposure To Venezuela Could Be Problematic

Venezuelan President Nicolas Maduro

Venezuela is beset by recession, crime and stagflation. President Nicolas Maduro has cracked down on state-run oil company PDVSA. He has arrestedthe former head of PDVSA and over 60 executives with ties to the company. The purge has threatened PDVSA's operations, and its decline in oil production has wreaked havoc on a country whose main export item its oil.

Now, PDVSA is have a difficult time paying its bills. A few months ago, China's oil & gas company Sinopec (NYSE:SHI) sued PDVSA for conspiracy to commit fraud:


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