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International Business Times
International Business Times
Business
Jack Quinn

Brazil To Join OPEC+ In January: Report

President Lula has overseen an expansion of Brazil's oil production during his third term in office. (Credit: AFP)

Brazil will join OPEC+ in January, Reuters reported, citing an OPEC+ delegate, without identifying the source.

Brazil is projected to be the world's fourth largest oil producing country by the end of the decade. The country has witnessed steady production growth for nearly two decades thanks to increasing exploration in the offshore Santos and Campos pre-salt basins under governments across the political spectrum.

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