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.An obvious and self-selecting name: “Ni” from Nigeria, “gaz” from the Russian for gas. It’s just that, well, it’s a bit rap.
The new firm, to be called Nigaz, is set to build refineries, pipelines and gas power stations in Nigeria.
Monitor: Tim Worstall
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