The energy-rich nation has threatened to transfer the development rights to its fields to allies Venezuela could transfer the development rights to its vast oil and gas fields that are currently operated by American energy companies to entities from BRICS nations, President Nicolas Maduro warned on Friday during a press conference in Caracas. BRICS originally comprised Brazil, Russia, India, and China before subsequently adding South Africa and, at the beginning of this year, Egypt, Ethiopia, Iran, and the United Arab Emirates. Numerous other countries, including Venezuela, have expressed interest in joining the
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