Russia’s energy giant Gazprom has signed a $2.5bn (£1.53bn) deal with Nigeria’s state operated oil company 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.
Let the jokes begin…

Comments to this entry
Younghusband
June 26, 2009
12:24 am
Alfred Russel Wallace
June 26, 2009
1:51 am
Alesander Luken
June 26, 2009
1:53 am
spandrell
June 26, 2009
3:15 am
Erik van Luxzenburg
June 26, 2009
7:42 am
I like Nigaz to work for me and supply us with their energy!
Beauty
June 29, 2009
6:01 pm
Oh, how I wish the jokes were funny enough for the 70% of 140Million Nigerians living below the poverty line. Investing in state sponsored joint ventures with Nigeria has meant huge sums of money ending up in someone else's freezer. At least we got to hear about the cronyism and corruption involving the former US Vice President that used to run Halliburton. Siemens of Germany and others are examples of the scams, but this Gazprom Nigaz business will probably take the biscuit.
Bob Harrison
June 30, 2009
6:45 pm
...hasn't anyone else heard anyone mispronounce the name of the country of "Niger" before? It can be quite embarrassing, remember the G is silent.
e
July 1, 2009
8:17 am
Like Supervision of Communications and the Mass Media is called Rossvyazkomnadzor.