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Venezuela on Verge of Joining BRICS, Highlights Largest Energy Reserves
Jun 21, 2024, 04:53 PM
Venezuela is on the verge of joining the BRICS group of nations, as announced by the country’s Executive Vice President Delcy Rodríguez at an international economic forum in Caracas. The nation has officially lodged its BRICS application, emphasizing its significant contributions of fuel and mineral resources. Rodríguez highlighted that Venezuela possesses the largest energy reserves on the planet, which would take nearly three centuries to deplete. The country is also ranked #1 in oil reserves and #4 in natural gas reserves globally. This move is seen as a turning point for Venezuela, which seeks technical support from countries like China, Russia, and Iran to extract, refine, and transport these resources.
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