6. Scan the dialogue and write out all the irregular verbs used in it.

7. Make sentences putting the words in the correct order:

1. are, different, today, in, world, there, systems, economic, the

2. demand, if, price, exceeds, tends, rise, to, the, supply

3. wants, constantly, people, are, of, growing

4. is, competition, force, the, market, of, an, important

5. producers, must, scarce, economically, and, suppliers, utilize, resources

6. sluggish, is, activity, economic

7. figures, dropped, according, production, to, official, oil, of

8. service, of, consists, the, transport, banking, sector, insurance, and

h) Wright out from the main text international words like capital, economic, resources, instrument, etc. Transcribe and read them aloud.

Ex 6. a) Supply the articles where necessary.

b) Has the situation changed since 1995? Prove your point of view.

... oil and gas industries of... former USSR were one of... very few industrial success stories of the final years of ... Soviet regime. Today, those same industries, now operating within ... CIS, are in deep crises. Production and exports of ... sector's two key products - oil and gas -fell by almost... half between 1989 and 1994. It's not all bad news, of course: over ... first eight months of 1995,... rate of decline in fuel and energy production was less than ... 2% per cent compared to ,.. last year. Equally dramatic changes are yet to come as ... Ukraine and ... CIS countries shift to ... market economy.

Major Western oil companies, however, have been moving away from ... Ukraine because of... risks involved: unfriendly tax regimes,... uncertain political climate, financial problems and ... problems of negotiating with local, regional and central authorities. Last but not least, comes the difficulty of repatriating profits. According to ... official fuel and energy ministry figures, as of January 1, 1995, Ukraine had 1,910 oil fields and 410 gas fields, of which 1,020 are commercially operated, accounting for 72 per cent of all... reserves. 50.4 per cent of these reserves have already been worked out. ...oil was first produced commercially in...Ukraine in 1864.

Based on: European Businessman

Vocabulary list

Англійський варіант	Російський варіант	Український варіант
CIS - Commonwealth of Independent States	Содружество независимых государств	Співдружність незалежних держав
rate of decline	темпы сокращения (производства)	темпи скорочення (виробництва)
equally	равно, в равной степени	рівно, в рівному ступені
dramatic changes	разительные изменения	разючі зміни
shift to a market economy	переход к рыночной экономике	перехід до ринкової економіки
tax regime	налоговый режим	податковий режим
authorities	власти	влада
to repatriate profits	вывозить прибыль	вивозити прибуток
to account for	составлять	складати

Ex. 7. a) Supply the prepositions where necessary.