
- •Introduction to Economics and management
- •Terms and Vocabulary
- •What does economics study?
- •The economy and economic systems
- •Unit 2 Finance
- •Terms and Vocabulary
- •Financial institutions
- •Financial management
- •Unit 3 stock
- •Terms and Vocabulary
- •3. Read the text, do the exercises securities markets
- •How to make money in the stock market
- •Unit 4 the economy of petroleum industry
- •Terms and Vocabulary
- •Oil and Gas in Russia. Development and Financing of Large Projects
- •Opportunities Await u.S. Independents willing to Change
- •Independent types
- •Lehman Bros: e&p spending to see slower growth
- •International spending
- •Halliburton
- •Rosneft
- •Unit 5 Taxation and audit
- •Terms and Vocabulary
- •Taxation
- •Kazakhstan’s New Oil Tax Regime Two types of contracts
- •Different fiscal systems complicate reserve values
- •Term uncertainty
- •Fiscal systems
- •Definitions of reserves “Booked”
- •Auditors and their reports
- •Independent Auditor’s Report
- •Consolidated Balance sheet derived from the consolidated financial statements – year ended 31 December 2003
- •Unit 6 Production and Costs
- •Terms and Vocabulary
- •Production and Costs
- •The Benefits of Being Small: Balancing Economies of Scale Against the Advantages of Intimacy Is a Delicate Task
- •Сущность и структура издержек производства
- •Unit 7 business plan
- •What does the model structure of business plan look like?
- •1.0 Executive Summary
- •Investment
- •3.0 Services
- •3.1 Service Description
- •3.2 Competitive Comparison
- •3.3 Sales Literature
- •3.4 Fulfillment
- •3.5 Technology
- •3.6 Future Services
- •4.0 Market Analysis Summary
- •4.1 Market Segmentation
- •4.2 Service Business Analysis
- •4.2.1 Business Participants
- •4.2.2 Competition and Buying Patterns
- •4.2.3 Main Competitors
- •5.0 Strategy and Implementation Summary
- •5.3 Sales Strategy
- •5.3.1 Sales Forecast
- •5.4 Milestones
- •6.0 Management Summary
- •6.1 Management Team
- •6.2 Management Team Gaps
- •6.3 Personnel Plan
- •7.0 Financial Plan
- •7.1 Important Assumptions
- •7.2 Key Financial Indicators
- •7.3 Break-even Analysis
- •7.4 Projected Profit and Loss
- •7.5 Projected Cash Flow
- •7.6 Projected Balance Sheet
- •7.7 Business Ratios
- •International Business Etiquette and ethics
- •Terms and Vocabulary
- •Business Etiquette
- •Business Ethics
- •Big Oil’s Dirty Secrets
- •References
Unit 4 the economy of petroleum industry
Lead-in
Fill in the spidergram with the words associated with Petroleum Industry
Key words: hydrocarbon raw materials, gas-bearing territory, exploration,
production of oil and gas, resources, marine shelf, license, geological research, investment capacity.
Discuss the following questions.
Do you agree that Russia is one of the leading oil-extracting countries of the world?
Where are the largest oil and gas deposits situated in our country?
What other oil-producing countries do you know? Where are they located?
Do you think that oil and gas industry is very important for Russian economy?
In what way does oil and gas industry contribute to the development of Russian economy?
Terms and Vocabulary
oil-extracting reserve hydrocarbon raw materials to explore exploitation to possess gas-bearing internal external persistent field in accordance with long-term perspective shelf capacity in terms of to estimate deposit resources autonomous unit resource (второй раз) to be under production to be worked out depths usage to stipulate procedure issuing license to render despite prolonged unevenly to a great extent gas condensate infrastructure objective profitable consumption share |
нефтедобывающий запас сырое углеводородосодержащее сырье разведывать разработка, эксплуатация владеть газоносный внутренний внешний стабильный, настойчивый месторождение в соответствии с, согласно (было уже) долгосрочный перспективный пласт мощность в каком-либо выражении оценивать залежь, месторождение запасы автономный, самостоятельный область запас производиться разрабатываться использование недр ставить условием, обуславливать процедура, порядок имеющиеся лицензии представлять несмотря на продолжительный неравномерно в большей степени газоконденсат инфраструктура (было) объективный прибыльный, рентабельный потребление акция, доля |
Exercise 1. Read and remember the pronunciation.
[i:] material, leading, division
[o:] explore, accordance, autonomous, resource, prolong, raw, core
[ə:] reserve, internal, external, persistent, curve, nurse, averse
[ju:] stipulate, unit, usage, mature
[ai] licence, despite, hydro- , cycle
[æ] capacity, activity
[εə] share
Exercise 2. Pay attention to the stress in the following words.
po′ssess |
′hydro′carbon |
per′sistent |
au′tonomous |
a′ccordance |
des′pite |
distri′butional ′infrast′ructure p′rofitable app′roximately |
un′evenly ob′jective con′sumption e′fficiently |
Exercise 3. Read the text, do the exercises