Iraq Says Burden of Possible 400,000 Barrels Cut Would Be Shared by OPEC Members

Iraq Says Burden of Possible 400,000 Barrels Cut Would Be Shared by OPEC Members

Assessment

Interactive Video

Business

University

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The video discusses the importance of consensus in production cuts, emphasizing that all member countries should share the burden equally. It highlights the agreement with the Kurds, which will officially integrate their production into the federal government's total output. This agreement involves the Kurdistan region handing over a portion of its production to the federal government, with the rest covering production costs and company remuneration.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main focus of the discussed scenario?

Eliminating production entirely

Maintaining current production levels

Cutting production by 400,000 barrels per day

Increasing production by 400,000 barrels per day

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is consensus important in the context of the discussed scenario?

It allows for a variety of opinions to be ignored

It ensures that only one country bears the burden

It prevents any changes in production levels

It helps in making collective decisions

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is expected to share the burden of production cuts?

Only Iraq

Only the largest producers

All member countries

Only non-member countries

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What change is expected from the agreement with the Kurdistan region?

Kurdistan will stop production entirely

Kurdistan will increase its production by 500,000 barrels per day

Kurdistan will hand over 250,000 barrels per day to the federal government

Kurdistan will produce 300,000 barrels per day for its own use

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How will the agreement with Kurdistan affect the federal government's production?

It will officially include Kurdistan's production in the total

It will not affect the total production

It will decrease the total production

It will exclude Kurdistan's production from the total