Iranian Deputy Foreign Minister for Coordination on Economic Diplomacy Mehdi Safari has said that Iran's membership in the BRICS bloc of emerging economies can significantly boost capacities of the organization in the fields.

According to The Iran Project,Mehdi Safari said in a recently interview with the Russian news agency RIA Novosti that BRICS is becoming a market half of the world's size.

He said the bloc now include the biggest producers and consumers of oil and gas in the world, adding that it will play an important role in the global energy market.

He also referred to the Shanghai Cooperation Organization (SCO), which Iran became one of its permanent members in 2023, as a regional market that can create a win-win condition for all member countries.

Both BRICS and SCO have proposed Iran to take over leadership role at some of their committees there, the Iranian diplomat added.

Iran and five other countries became full members of BRICS as of January 1, 2024. 

The bloc was originally composed of Brazil, Russia, India, China and South Africa.