Pemex CEO: OPEC Are Not the Only Producers of Oil

Pemex CEO: OPEC Are Not the Only Producers of Oil

Assessment

Interactive Video

Business, Architecture, Social Studies

University

Hard

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The transcript discusses OPEC's decision to cut oil production and its positive impact on Pemex and Mexico's public finances. It highlights Mexico's oil sector developments, including Pemex's joint ventures with Chevron and the auctioning of deepwater fields. The financial strategies of Pemex, including finding partners and improving efficiency, are explored. The transcript also addresses Pemex's financial health, potential risks, and the impact of global oil market dynamics on trade and Pemex's operations.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the immediate effect of OPEC's decision to cut production on oil prices?

Oil prices decreased by $3

Oil prices decreased by $6

Oil prices increased by $6

Oil prices remained stable

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main difference between the Trion field and other fields being auctioned?

Trion is a production field

Trion is an exploration field

Trion has no reserves

Trion is located outside Mexico

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When is the investment for the Trion field expected to begin?

2023

2022

2017

2020

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is Mexico considered an attractive market for refinery investments?

It is the 6th largest and a growing gasoline market

It has a declining gasoline market

It has the largest gasoline market in the world

It has no refineries

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Pemex's plan if they cannot find a buyer for their refinery stakes?

Continue to seek partners

Sell to the government

Increase production

Close the refineries

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What has been the trend in Pemex's financial risk according to the business plan?

Risk has doubled

Risk has increased

Risk has decreased by half

Risk remains unchanged

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the global nature of the oil market affect Pemex's trade with the US?

It creates a win-lose situation

It limits trade opportunities

It fosters a win-win situation

It has no impact