Iran Press/ America: The group's surprising announcement on Thursday that the South American nation would join it raised immediate questions on whether Brazil would take part in the production caps, as OPEC+ nations agreed to voluntary cuts approaching 2 million barrels per day (bpd) for early next year.
"There is no quota," Jean-Paul Prates said in an interview. "We would never be part of an organization that imposes (production) quotas to Brazil, Petrobras is a publicly-traded company and we cannot have quotas."
Brazil's energy minister said on Thursday the country was eager to join OPEC+ after a full technical analysis. President Luiz Inacio Lula da Silva's office confirmed receiving the invite but said he had not formally responded.
Brazil is the largest oil producer in South America, at 4.6 million barrels per day of oil and gas, of which 3.7 million bpd are crude.
Prates, who in October received OPEC Secretary General Haitham Al Ghais in Brazil, welcomed Brazil's move to join the group.
"Brazil would start participating in the meetings as some kind of observer member, which I think is really nice," Prates said, adding the move would be key to OPEC's and Brazil's energy transition efforts.
He expects Brazil to formally accept the invitation by June. 219
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