Venezuela's PDVSA says gets $1 bln credit line from Schlumberger

MORICHAL, Venezuela Fri May 24, 2013 3:46pm EDT

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MORICHAL, Venezuela May 24 (Reuters) - Venezuela's state oil company PDVSA will receive a $1 billion revolving credit line from oil services giant Schlumberger, the OPEC nation's oil minister said on Friday.

The two companies also signed an agreement to create an oil services joint venture that will help increase production in the vast Orinoco extra-heavy crude belt.

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