Venezuela possesses the world's largest proven oil reserves, estimated at 303 billion barrels, significantly more than Saudi Arabia. However, extracting this heavy crude is challenging and costly. Despite vast reserves, production is low due to economic crisis, international sanctions, underinvestment, mismanagement, and power cuts. These factors have severely impacted the state-run oil company PDVSA and limited Venezuela's ability to export and access necessary equipment, hindering its potential to reshape global energy markets.