Caption: Venezuela has the world’s largest reserves of crude oil, but government subsidies for domestic fuel consumption have contributed to an economic crisis (image: Sociedad Venezolano Ingenieros de Petróleo)
Caption: Venezuelan state oil company PDVSA recieved a US$5 billion loan tranche from China Development Bank in 2015 to ‘boost production’ in spite of the global price slump (image: Wilfredo Rodríguez)
Caption: An old car painted in the Venezuelan colours drives through the capital of Caracas in 2006. Fossil fuel subsidies total $12 billion a year (image: Ruurno/ Flickr)