BRICS expansion could see more downstream oil investment: analyst

Expanding the BRICS group of nations to include the UAE, Iran and potentially Saudi Arabia could help to align the economic goals of members now controlling almost half the world’s supply of crude with their key customers in Asia and lead to more downstream investment, analysts said Jan. 31. The UAE and Iran have already committed to BRICS membership, joining… Expanding the BRICS group of nations to include the UAE, Iran and potentially Saudi Arabia could help to align the economic goals of members now controlling almost half the world’s supply of crude with their key customers in Asia and lead to more downstream investment, analysts said Jan. 31. The UAE and Iran have already committed to BRICS membership, joining… Read More