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The Brazil government on Tuesday highlighted the OK to join the organization of Petroleum Exporting Countries (OPEC+) to the country. South American The country’s growing status as a major oil exporter.
Decision approved by National power councilThe 30th Annual Climate Change Conference of the United Nations, or COP30, comes nine months before, which will call Bellm, Brazil.
OPEC+ officially invited Brazil to join the organization in late 2023. From leaders Saudi ArabiaThe biggest producer of OPEC+, met with Brazilian officials during 2024, ended Tuesday’s announcement.
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OPEC+ Insignia is accused on the flag of member nations. (Reuters/Ramji Badina/File Photo/Reuters Photos)
Although the President of the country, President Luiz Eneasio Lula Da Silva has postponed himself as champions to protect the environment, Brazilian mines and Energy Minister Alexandre Silveira said that there was no contradiction in the country joining OPEC+.
OPEC Hatham Al-Ges (R) General Secretary and Saudi Arabia’s Energy Minister Rajkumar Abdulziz bin Salman Al-Sow (II L) hold a press conference. ,
Silvira said at a news conference on Tuesday, “It is a historical moment for Brazil and its energy sector, which marks a new chapter in dialogue and cooperation within the energy industry.” Foreign media“This is only a platform to discuss the strategies of oil producing nations. We should not be ashamed to be an oil producer.”
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Brazil is the largest oil producer in South America, producing about 4.32 million barrels of oil per day.
A general approach to signage at the headquarters of the organization of Petroleum Exporting Countries (OPEC) on 29 February 2024, Vienna, Austria on 29 February 2024. (Thomas Cronsteiner / Getty Images / Getty Images)
Silvira said that Brazil’s involvement in OPEC+ has shown “growing relevance in oil and gas markets”, but it is worthy that the country will continue to develop its energy policy “according to its own interests.”
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The Brazil OPEC+declaration gets involved in other countries such as Saudi Arabia and Russia, but is not expected to participate in the coordinated output cap.
Reuters contributed to this report.
