Who’s going to buy it and at what price? Lots of oil producing countries are pretty much flooding the world with oil.
Fine with me.
The answer is China, and the reason is because they already own it. It has been used as collateral for the loans China has been giving Venezuela for the past couple of years.
I think this is an admission that Venezuela is no longer has the knowledge and skills to maintain their oil industry. They have been using it as a political jobs program for so long nobody remembers how to drill a hole or maintain a ship. Russian and China now own Venezuela, the citizens just live there.