I think that is totally not the reasons. These may well be though...

📌 Venezuela sits atop the world's largest proven oil reserves — more than 300 billion barrels of crude, dwarfing even Saudi Arabia's vast fields. 

👉 Besides this black gold, concentrated in the massive Orinoco Belt, Venezuela's underground treasure trove boasts: 

🔴 deposits of gold (among the largest in Latin America, with over 1,500 certified tons in the Orinoco Mining Arc

🔴 unquantified deposits of rare earth elements, vital for tech and renewables

🔴 reserves of coltan, the "blue gold" essential for smartphones, batteries, and high-tech gadgets, valued at over $100 billion

🔴 iron ore, estimated 4.5-5 billion metric tons recoverable

🔴 natural gas: proven reserves of ≈ 5.5 trillion cubic meters, ranking 8th-10th worldwide

🔴 industrial-grade diamond deposits estimated at ≈ 1-2 million carats, primarily alluvial

🔴 estimated 100 million tons of bauxite, key for aluminum

🔴 nickel reserves exceeding 1 million tons, with active mining potential

🔴 rare earth elements critical for modern technology and renewable energy

🔴 enormous natural gas reserves (among the top globally)

🔴 around 1.4 billion tons of coal, mainly bituminous

🔴 significant unexplored uranium deposits estimated in thousands of tons