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BRICS: Brazil plans mega oil boost for 2025!
BRICS plans $19 billion oil production increase in 2025, Brazil takes chairmanship, strengthens global energy presence.
BRICS: Brazil plans mega oil boost for 2025!
BRICS, the powerful bloc of emerging economic powers, is planning a gigantic oil boost: $19 billion is to flow into oil production in 2025! A major shake-up in the oil business is imminent, with Brazil, the future chairman, playing a central role. The climax of BRICS expansion? Possible! The alliance puts everything on one card and focuses on the shiny black gold - oil! A signal that BRICS wants to continue to excel in the energy sector.
Data from the Brazilian Petroleum Institute (IBP) speaks volumes: daily production is expected to reach a whopping 3.6 billion barrels – a bold increase of 6%! Profitable? Why, surely! Brazil expects a whopping revenue of 120 billion reais next year. “Not only are we becoming an energy power, but we are also preserving our traditional energy sources,” explains IBP President Roberty Ardenghy proudly.
With Brazil at the helm, 2025 promises to be a bombastic year as it aims to secure dominance in one of the world's most important industries. But what does this mean for the US dollar? The answer remains exciting! More on this told the report on watcher.guru.