06-25-2009, 02:16 PM
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Join Date: Jan 2007
Location: L.E.S. (Artistes)
investing in energy
Gazprom seals $2.5bn Nigeria deal |
Gazprom could increase its power over European supplies
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.
admit it, you snickered. BBC NEWS | Business | Gazprom seals $2.5bn Nigeria deal
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Originally Posted by brody
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