Rich oil-powered Nigaz
Unfortunate name for a joint-venture company, luckily they’re in Nigeria and not the Bronx.
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.
If you don’t know, the term nigger/niggaz are deemed racist in the US. Only when niggaz, I mean black people use it it’s not offensive. And yes I learned that from watching Jackie Chan’s Rush Hour movie (remember he said “What’s up my nigga?”) hehe.