Venezuela heavily subsidizes the price of gas. They are in debt trillions of dollars to the World Bank for this skeem.
They also give oil to Cuba and third world socialist/communist countries and support terrorism. I don't think supplying cheaper gas to their people gets them into as much debt as their support for FARC, Hamas, Castro, etc. That said, I am not promoting Government subsidies. I am promoting that products are usually cheaper at the source. We need to recreate ourselves at our own source.
Venezuela paid off its World Bank debt. It owes the WB nothing. Total debt is in the trillions of bolivars, not dollars. I think that’s about US$7.98.
That is billions of dollars, $26.5 billion to be close. http://www.venezuelanalysis.com/news/1640 I don’t put much stock in anything posted by Venezuelanalysis but I do know they are within a couple of billion.