Venezuelan President Nicolas Maduro announced his intention to transfer rights to develop oil and gas to the BRICS countries. According to him, this step is due to the desire to develop the export model of the economy and use the potential of the giant market that BRICS represents.

"BRICS is a gigantic market for national producers" - Maduro noted.

He emphasized that Venezuela sees in this association great opportunities for growth and strengthening its economic position in the international arena.

"The largest investments we have in the oil and gas sector now come from BRICS," - the president added.

Maduro emphasized that cooperation with BRICS not only brings significant investments, but also contributes to the development of technology and infrastructure in the country. Venezuela is committed to maximizing this potential to overcome economic difficulties and achieve sustainable growth.