Monday, 29 June 2009

Gazprom haven't really thought this through

The Russian oil giant Gazprom have a new joint venture with Nigeria.

Russia's energy giant Gazprom has signed a $2.5bn (£1.53bn) deal with Nigeria's state operated NNPC, to invest in a new joint venture.

The new firm, to be called Nigaz, is set to build refineries, pipelines and gas power stations in Nigeria.

Nigaz! How did that get past the marketing department?

Link: BBC

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