VP Al-Jebouri Says Iran Is a Lukoil Focus

The transcript discusses the impact of OPEC's production cuts on oil supply, particularly in Iraq, and the broader strategy for oil investments in the Middle East, including Iran, Oman, the UAE, and Kuwait. It also examines the implications of US shale production on market stability and oil prices.

What was the main impact of OPEC's decision to cut production on Iraq's oil strategy?

• Decreased production

• No real impact

• Increased production

• Shift to renewable energy

Which country is NOT mentioned as part of the company's broader strategy in the Middle East?

• Iran

• Kuwait

• Oman

• Saudi Arabia

What is the company's key priority when considering new oil opportunities?

• Environmental impact

• Economic sense for both sides

• Political stability

• Technological advancement

How did OPEC's decision in December affect the oil market?

• It stabilized the market

• It had no effect

• It led to increased production

• It caused a price drop

What is a potential threat to oil price stability mentioned in the transcript?

• Technological advancements in oil extraction

• New OPEC agreements

• Increased demand from China

• Revival of US shale production

What was the significant activity by US shale producers when prices breached the $50 mark?

• Increased production

• Hedging activity

• Shift to natural gas

• Decreased investment

What is the expected range for oil price stability according to the transcript?

• $70-$80

• $40-$50

• $55-$65

• $90-$100