Nigeria, Russia Join Forces On Oil

logo_gazpromRussian energy giant Gazprom signed a $2.5bn (£1.53bn) deal with Nigeria’s state operated NNPC, to invest in a new joint venture called Nigaz.

Nigaz will build refineries, pipelines and gas power stations in Nigeria.The Nigaz deal would lay the foundations for building nuclear power reactors in Nigeria.

Russia is keen on developing a trans-African pipeline to transport Nigerian gas to Europe. The creation of Nigaz is seen as Russia’s move to strengthen its already-strong hold over supplying Europe with oil.

4 comments

  • Nigaz please!

  • It's spelled Nigaz, but it's pronounced Afro Gas.

    Even the Ruskies are trying to put down a brother!

  • Nigax you’se crazy to make this deal. Look at your economic climate!!!

  • Cain and Abel = Nigax4lyfe will never be expert man? The Global economy is totally interdependent to one another, just like most Americans, British and French rely mostly on Chinese products even the clothes you are wearing r not made in Italy. Nigerians need their Economy to be stronger thats why they are selling some and live some for themselves so does this bother anybody of u?

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