TFIGlobal
TFIGlobal
TFIPOST English
TFIPOST हिन्दी
No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
TFIGlobal
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
No Result
View All Result
TFIGlobal
TFIGlobal
No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean

BRICS And UAE Oil Deal To Change Geoeconomics

Anushka Gupta by Anushka Gupta
May 31, 2024
in Geopolitics
BRICS And UAE Oil Deal To Change Geoeconomics
Share on FacebookShare on X

The BRICS economic union, in cooperation with the United Arab Emirates (UAE), plans a significant investment of $13.5 billion in the oil sector. According to the information Mubadala Capital, the wholly owned asset management arm of UAE sovereign wealth fund Mubadala Investment, plans to invest about $13.5 billion in a biofuels project in Brazil over the next 10 years.

Brazil does have oil reserves. Brazil has proven oil reserves, which are estimated to be around 13.24 billion barrels (as of 2022). This puts them at number 15th in the world in terms of reserves. Though, it’s a major oil producer and holds the title of Latin America’s top oil producer, there are still untapped reserves. The country holds the distinction of having the largest recoverable ultra-deep oil reserves in the world. Exploration and production are ongoing, especially in these offshore reserves. Despite having oil, Brazil is a net importer, it Brazil relies on Saudi Arabia for roughly 22% of the total import value and United States, US supplies around 18% of Brazil’s crude oil imports.

Also Read

Middle East Backed SPIEF Against WEF

West now Crushing over Russia’s Northern Sea Route

TRecent project, by UAE’s Mubadala Capital is looking to invest $13.5 billion over the next decade to build large-scale biofuel refineries in Brazil, primarily using native, non-food crops like Macauba and strengthen its oil sector, as UAE is an experienced player in oil economy. Abu Dhabi National Oil Company (ADNOC) was formed in 1950s to manage untapped oil and turn them into resources by using artificial intelligence for reservoir management and seismic analysis, maximizing efficiency and reserve recovery, which made it a global leader.

Brazil stands to benefit significantly from both the financial resources and the expertise provided by the UAE. While the precise objectives of this partnership may not be fully apparent at present, it is evident that the United States stands to experience considerable repercussions from the collaboration between the UAE and Brazil. However, Saudi Arabia, as a member of BRICS, is poised to mitigate any potential losses incurred by the United States as a result of this partnership.

Brazil’s agricultural sector is a global powerhouse, boasting a rich history and a strategic approach to innovation. Fertile land, diverse climates, and abundant water resources provide a natural advantage. However, Brazil’s success goes beyond mere geography. The embrace of technology, from precision agriculture to advanced logistics, has maximized yields and efficiency. Furthermore, Brazil prioritizes research and development, constantly seeking new crops and sustainable practices. This blend of natural bounty and technological prowess has allowed Brazil to be a leading producer of soybeans, coffee, sugar, and beef, feeding the world while contributing significantly to its own economy. This collaborative endeavor will afford the UAE agricultural advantages akin to those enjoyed by Brazil, fostering mutual benefits and knowledge exchange between the two nations.The collaborative initiative aims to bestow upon the UAE the agricultural advantages akin to those enjoyed by Brazil. This endeavor seeks to facilitate the exportation of agricultural commodities to the UAE at preferential rates, coupled with the transfer of knowledge. Brazil has ascended to prominence as an agrarian powerhouse by leveraging advanced technologies, veering away from conventional methodologies.

Renowned as a global titan in bioethanol production, Brazil boasts extensive expertise in cultivating crops for biofuels. In contrast, the UAE’s biofuel industry is still in its nascent stages, lacking the robust infrastructure and experience seen in Brazil. This endeavor not only seeks to bridge this gap but also fosters collaboration and knowledge exchange within the biofuels sector, a mores sustainable option. Mubadala’s investment in Brazilian biofuels is a strategic move driven by a combination of economic and environmental factors. It positions them to benefit from the growing biofuel market while potentially reducing the UAE’s dependence on oil.

In essence, this initiative serves as a catalyst for bolstering the strategic objectives of the BRICS alliance, exemplifying the tangible benefits stemming from enlargement endeavors. As BRICS continues on its trajectory of growth and welcomes new members into its fold, it stands poised to exert a progressively influential presence in shaping the global economic landscape. This expansion not only enhances the collective strength and reach of the alliance but also underscores its potential to drive significant transformations on a global scale.

Tags: Biofuel sectorBRICS-UAEgeoeconomicsOil sectorUAE-BrazilUS oil
ShareTweetSend
Anushka Gupta

Anushka Gupta

Anushka is Consulting Associate Editor at TFI Media, specializing in geopolitics and international relations. She completed her masters from JMI in IR where she developed writing skills, her previous internships helped her to gain research and editing skills. She intends to bring out the truth about global dynamics and changing world order, along with bringing fresh ideas and perspective.

Also Read

Trump says the Ukraine war will end fast if NATO does exactly what he tells them

Trump says the Ukraine war will end fast if NATO does exactly what he tells them. Is it Path to End the War or a Risk to Western Unity?

September 15, 2025
NATO has made Russia invincible, Ukraine war has helped Putin perfect his military exposing western weaknesses

NATO has made Russia invincible, Ukraine war has helped Putin perfect his military exposing western weaknesses

September 15, 2025
After drone threats Poland shaken by wrath of Oreshnik, Warsaw fears Putin’s anger for arming Ukraine

After drone threats Poland shaken by wrath of Oreshnik, Warsaw fears Putin’s anger for arming Ukraine

September 13, 2025
Right after Russia’s Poland drone adventure, US lifts sanctions on Belarus airlines, is Trump abandoning EU?

Right after Russia’s Poland drone adventure, US lifts sanctions on Belarus airlines, is Trump abandoning EU?

September 12, 2025
Despite US aid worth over $200 bn, Ukraine lobby celebrates killing of Charlie Kirk for anti Zelensky stance

Despite US aid worth over $200 bn, Ukraine lobby celebrates killing of Charlie Kirk for anti Zelensky stance

September 12, 2025
Despite pressure from Trump, India rejects US oil opts for $200 mn deal with Nigeria instead

Despite pressure from Trump, India rejects US oil opts for $200 mn deal with Nigeria instead

September 11, 2025
Youtube Twitter Facebook
TFIGlobalTFIGlobal
Right Arm. Round the World. FAST.
  • About Us
  • Contact Us
  • TFIPOST – English
  • TFIPOST हिन्दी
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy

©2025 - TFI MEDIA PRIVATE LIMITED

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
TFIPOST English
TFIPOST हिन्दी

©2025 - TFI MEDIA PRIVATE LIMITED

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. View our Privacy and Cookie Policy.