BRICS plan: Brazil's oil boom - $19 billion boost by 2025!

BRICS plan: Brazil's oil boom - $19 billion boost by 2025!

BRICS grabs the oil crown! The mega powers want to pump an incredible $19 billion into their oil production – as early as 2025! The assumption of the presidency by Brazil, the emerging giant in the energy sector, will make a global statement!

After a decade of consolidation, the BRICS bloc has significantly increased not only its membership but also its influence on the global economy. And the dollar? Yes, he can be prepared for something! Brazil plans to increase its oil production by 6%, observations from the Brazilian Petroleum Institute (IBP) show. That's a whopping 3.6 billion barrels per day, which is expected to bubble up in 2025. A boon for Brazil, which is about to count on 120 billion reais next year. “We are becoming an increasingly relevant country,” enthuses Roberty Ardenghy, President of the IBP. This shows not only Brazil's ambitions, but also its ambition to shine as the next giant in the traditional energy sector.

The world stage is calling! With the planned oil offensive, BRICS countries are moving into the spotlight and strengthening their position in the highly competitive energy world. And that is far from the end of the journey for the next few years. More details on this topic can be found in a detailed report on watcher.guru.