OMV’s Seele Calls For More EU Defense Against U.S. Sanctions

The video discusses the financial performance of OMV, highlighting a strong cash flow and investment strategy. It provides an optimistic outlook for the oil market, crediting OPEC's efforts to stabilize prices. The discussion also covers the Nord Stream 2 project and potential sanctions, emphasizing the importance of European energy security. The impact of reimposed sanctions on Iran is also addressed, with a focus on the risks faced by European companies.

What was the percentage increase in operating cash flow for the company in the first half of the year?

• 30%

• 25%

• 21%

• 15%

Which organization is credited with rebalancing the oil market according to the transcript?

• NATO

• EU

• OPEC

• UN

What is the expected oil price per barrel for 2018 as mentioned in the transcript?

• $60

• $65

• $75

• $70

What is the main concern regarding the Nord Stream 2 project?

• Environmental impact

• Financial instability

• Potential U.S. sanctions

• Technical challenges

How does the company view its dependency on oil imports from Iran?

• Not dependent

• Moderately dependent

• Highly dependent

• Increasingly dependent