Brazil puts higher output ahead of Opec membership
Energy and mines minister says country wants to participate more in the global oil and gas market
24 January 2020 - 10:21
New Delhi — Brazil, which became a net oil exporter in 2019, wants to expand its footprint in global energy markets without joining the Organization of the Petroleum Exporting Countries (Opec).
The South American nation expects to be among the top-five energy exporters by 2030, and is tapping private investment to boost output, according to energy and mines minister Bento Albuquerque. It is also working on making rules more favourable for investors in upcoming auctions for oil and natural gas licences...
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