OPEC+ Deal Will Bring Some Sort of Normality By End of Year: NNPC’s Kyari

The transcript discusses the rebalancing of the oil market, focusing on strategies to manage supply and pricing. It covers compliance with the OPEC+ deal, predicting oil prices, and the impact on capital expenditure. The discussion also addresses market pressures, compliance challenges, and the potential for job cuts while aiming for efficiency improvements.

What is the main goal of reducing oil supply according to the first section?

• To increase production costs

• To create a market balance

• To eliminate oil discounts

• To reduce oil demand

By when does the speaker expect full compliance with production agreements?

• End of June

• End of May

• End of July

• End of August

What price range is expected for oil by the end of the year?

• $35 to $40

• $30 to $35

• $42 to $45

• $45 to $50

What is the target cost reduction for partners and suppliers?

• 40 to 50%

• 10 to 20%

• 30 to 40%

• 20 to 30%

What is the main reason for avoiding job cuts at NNPC?

• Government intervention

• Increased production

• Cost reduction in other areas

• High oil prices