BRICS plans billion-dollar oil injection: Brazil in focus for 2025!

BRICS plans billion-dollar oil injection: Brazil in focus for 2025!

BRICS goes full throttle! The blockbuster countries China, India, Russia, Brazil and South Africa are planning a gigantic increase in their oil production by a whopping $19 billion for 2025. Brazil, which will soon take over the chairmanship of the alliance, will turn the oil wheel hard next year and increase its current production volume by 6%. This could mean production of a staggering 3.6 billion barrels per day, according to the Brazilian Petroleum Institute. A real leap that could bring the country a whopping R120 billion.

This announced oil offensive comes at a time when BRICS has already dramatically expanded its membership twice in the last two years - a bang from previous decades! The efforts to rebalance international economic dominance have so far brought complete success for the BRICS bloc, especially at the expense of the US dollar. With this oil injection in 2025, the global standing in the energy world will be further cemented, explained the President of the IBP, Roberty Ardenghy. “We are perceived not only as an energy giant, but also as one of the traditional energy sources of the future,” said Ardenghy. An exciting year is about to begin and expectations are rising! More details on this topic can be found in a detailed report on watcher.guru.