We need to keep in mind that PDVSA's oil will not necessarily be considered a VZ state asset for ICSID enforcement purposes (the shares of PDVSA, by contrast, clearly are, however they are obviously safely held in VZ!). Recent cases concerning enforcement of ICSID awards against states have, unfortunately, held that assets of state owned entities cannot be "attached" by the claimant. Although VZ has, for the time being, enough net cash flow to pay ICSID awards from oil revenues it will, like Argentina, need to have a strong reason to pay up. This might mean that its financial position will first need to worsen to the point of needing, for example, support from the IMF. It is unlikely that enough (non diplomatic and non military) VZ state assets can be found outside VZ to cover all of the multi-billion dollar awards that are expected to mount, especially now that the country's gold reserves have been physically repatriated. Time will tell...