If Venezuela has the largest oil reserves in the world, then why aren’t they one of the wealthiest countries? /u/Pineapple_warrior94 No such thing as stupid questions

Saudi Arabia exports their oil and got insanely wealthy from that. I know there’s lots of corruption, but surely Venezuela could make a ton from exporting their oil no?

Saudi Arabia exports their oil and got insanely wealthy from that. I know there’s lots of corruption, but surely Venezuela could make a ton from exporting their oil no?