![BRICS’ Growing Dominance in Global Oil Production BRICS’ Growing Dominance in Global Oil Production](https://mehabe.com/wp-content/uploads/2023/08/photo_2023-08-24_12-22-09-768x853.jpg)
The inclusion of Saudi Arabia, UAE, and Iran in BRICS means that the union, along with six other major oil-producing nations, now collectively account for 80% of worldwide oil production.
The inclusion of Saudi Arabia, UAE, and Iran in BRICS means that the union, along with six other major oil-producing nations, now collectively account for 80% of worldwide oil production.