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US 'oil for security' formula faces setback as Saudi Arabia shows interest in joining BRICS

Amid an intensifying spat with the US on oil production, Saudi Arabia has expressed its "desire" to join BRICS (Brazil, Russia, India, China and South Africa), a move Chinese experts view as a setback for Washington's "oil for security" approach toward the Middle East and its increasingly reckless interference in other countries' affairs.

Citing South African President Cyril Ramaphosa, South Africa's local radio station ABC reported on Tuesday that Saudi Crown Prince Mohammed bin Salman Al Saud, who is also Saudi Arabia's prime minister, "did express Saudi Arabia's desire to be part of BRICS," and Saudi Arabia is "not the only country" seeking BRICS membership.

Ramaphosa paid a state visit to Saudi Arabia last week, during which the two countries signed agreements and memorandums of understanding worth about $15 billion, Reuters reported. South Africa will hold the rotating BRICS presidency in 2023.

Saudi Arabia's reported interest in joining BRICS comes as the country is locked in a diplomatic spat with the US over oil production......more below

https://www.globaltimes.cn/page/202210/1277495.shtml

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