UPDATE 1-Brazil considering Iran offer of OPEC membership

Brazil is considering a formal invitation from Iran to join the OPEC group of oil producing nations following its recent discovery of huge offshore reserves, Energy Minister Edison Lobao said on Wednesday. Lobao said Brazil had not yet responded to the invitation that came from Iran's ambassador two weeks ago, but that he saw no obstacles to Brazil becoming a member even though it is not yet a major oil exporter. "He came to make a formal invitation. We are still evaluating," Lobao told reporters.

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