Opec invites Brazil to join group

Iran has invited Brazil to join oil producers’ cartel Opec, Brazil’s energy and mines minister has said.

The moves comes after Brazil recently announced finding major sources of offshore oil, prompting significant international attention.


Brazil is considering the invite. Its National Energy Policy Council has the final word on whether it wants to join.

While oil prices have fallen from record levels, many analysts say the longer trend remains high prices.

As a member of the oil producers’ organisation, Iran can suggest the membership of another country.

BBC