PDVSA has more than $20 billion in outstanding bills to providers, which has led some companies to slow work. The company's access to hard currency has tumbled along with the price of oil, and Venezuela is struggling with triple-digit inflation, a severe recession and heavy bond payments this year and next.
"This morning Weatherford signed a financing agreement with us, Halliburton signed yesterday," PDVSA president Eulogio Del Pino, who is also the country's oil minister, said in a speech broadcast on state television.
"We
