Vocabulary

Onwards – далі, уперед

foresee – передбачений

route – маршрут

estimate – оцінювати

run – проходити, простиратися

draw – тягнутися

enlarge – розширювати(ся), збільшувати(ся)

exploit – експлуатувати

achieve – досягати

Assignments

1. Read and translate text 21 using the vocabulary.

2. Compose ten key questions to the text.

3. Speak on “The priority axes for natural gas pipelines, involving INOGATE Participating Countries and Russia”.

Text 22. Cooperation with International Organizations and Foreign Companies

Naftogaz of Ukraine closely focuses on expanding cooperation with international institutions, key oil and gas companies, enhancing the image of Ukraine’s oil and gas complex.

The Company has taken steps to enter the world service markets with regard to hydrocarbon deposits exploration and development, construction and modernization of oil and gas facilities, and has been participating in tender procedures for obtaining oil and gas production licences.

The Company is a member of the following international organizations: UNECE Gas Centre, European Energy Forum, International Gas Union.

The Company is active in cooperating with the European Union Commission, in particular in realization of the Ukraine-EU Action Plan and the Ukraine EU Memorandum of Understanding on Cooperation in the Field of Energy, providing solid ground for further integration of Ukraine with the EU in terms of energy security in Europe by fostering regional integration of oil and gas transportation systems.

Besides, a number of projects are realized in the framework of INOGATE, such as Reform of the Operation System of Gas Transit in Ukraine, which is aimed at proving the importance of Ukraine as a major transit country for securing gas supply to EU by reforming the Gas Transmission System of Ukraine and creation of the Eastern-European InterState Regional Centre for Natural Gas Metrology.

The Company's special attention is devoted to initiating and enhancing cooperation with oil and gas companies in Europe, Asia and Middle East.

On December 13, a concession agreement was made in Cairo between the Arab Republic of Egypt (ARE), NJSC Naftogaz of Ukraine and the Egyptian General Petroleum Corporation (EGPC) for the exploration and development of oil and gas fields in Alam El Shawish East in the Western Desert of Egypt.

In order to improve its efficiency on international markets, Company's Representative Offices operate in the Russian Federation and Turkmenistan.

With a view to expand its presence in the oil and gas sector of Africa, in 2002 the Company opened its Representative Office in Libya.

Naftogaz of Ukraine has been active in developing cooperation with UAE companies in the field of prospective areas exploration and deposit development, as well as construction of oil and gas facilities in the Persian Gulf region. The Company has established its Representative Office in Abu Dhabi (UAE).

The Representative Office of NJSC Naftogaz of Ukraine functions in Iran and Pakistan. Soon a Company branch will be opened in Egypt and Representative Office - in Belarus.

In early June 2007 NJSC Naftogaz of Ukraine and U.S.-based Marathon International Petroleum signed a cooperation agreement for joint exploration of the north-west part of the Dnieper-Donets basin.

The parties to the agreement will carry out joint studies in the area of about 30,000 square kilometres with a view to assess its attractiveness for investment and identify the most promising sections. The probable hydrocarbon reserves in this area are valued at 200 billion cubic metres of natural gas, 46 million tons of gas condensate and 130 million tons of oil.

In early August 2007 JSC Ukrgasproduction and Shell Ukraine Exploration and Production completed the development of the first stage of the Joint Investment Activities Work Program.

The activities under the approved Work Program will basically focus on the most promising structures of the Dnieper-Donetsk valley, where probable resources are estimated to be more than 400 billion cubic metres of natural gas.