Gazprom seals $2.5bn Nigeria deal
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.
Analysts say the move could further strengthen Russia's role in supplying natural gas to Europe.
The agreement comes during a four-day African tour by Russian President Dmitry Medvedev.
As well as forming Nigaz, Russia is keen on developing a trans-African pipeline to transport Nigerian gas to Europe.
This could further reinforce Gazprom's already-strong influence over Europe's energy supplies.
http://news.bbc.co.uk/2/hi/business/8118721.stm
Pronounced "n-eye g-az" presumably
Pronounced "n-eye g-az" presumably
“If you trust in yourself, and believe in your dreams, and follow your star. . . you'll still get beaten by people who spent their time working hard and learning things and weren't so lazy.”
