Gazprom seals $2.5bn Nigeria deal — Creates New Company Named (cripes!) Nigaz!

Published on June 25th, 2009

BBC NEWS | Gazprom seals $2.5bn Nigeria deal — Even the BBC doesn’t notice that the name of this company is a bit dubious!

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.

Found by John Ligums.

25 users responded in " Gazprom seals $2.5bn Nigeria deal — Creates New Company Named (cripes!) Nigaz! "

Subscribe to this post comment rss or trackback url

# 1 contempt said, on June 25th, 2009 at 2:03 pm

Nigaz – You gotta admit it is funny and maybe even guilty of truth in advertising.

# 2 madtruckman said, on June 25th, 2009 at 2:37 pm

JCD you sure this wasnt reported by some bolivain newspaper or something?? so the europeans get their gas from the Nigaz?? wow….sometimes the headlines write themselves!

# 3 hhopper said, on June 25th, 2009 at 2:55 pm

HAR!

# 4 sargasso said, on June 25th, 2009 at 2:57 pm

Gazgeria?

# 5 Improbus said, on June 25th, 2009 at 3:04 pm

I guess Gorillaz was already taken.

# 6 AdmFubar said, on June 25th, 2009 at 3:12 pm

i bet this will fire up denmark’si windmill production….

# 7 clifffton said, on June 25th, 2009 at 3:18 pm

Nigaz Please!
Sorry couldn’t help myself

# 8 Dallas said, on June 25th, 2009 at 3:30 pm

LOL. New York offices: Nigaz at Harlem.

# 9 Patrick said, on June 25th, 2009 at 4:44 pm

I still chuckle every time I see Gazprom in the news. Makes me think of that German Chancellor who “made nice” with the Greens, shut down Germany’s nuke plants (leaving Germany at the mercy of fossil fuel prices) then left office and got a nice cozy exec position with… Gazprom. ROFL Eco-nuts are sure gullible!

# 10 Special Ed said, on June 25th, 2009 at 4:49 pm

http://tinyurl.com/5ks29u

# 11 brm said, on June 25th, 2009 at 4:53 pm

It took me a few hours to ‘get’ why you used the Michael Richards pic.

# 12 Hugh Ripper said, on June 25th, 2009 at 5:26 pm

I suppose if you have an LPG powered car you can have nigaz under the hood.

# 13 Named said, on June 25th, 2009 at 5:30 pm

How did it all start?

Dear Sir:

I am a member of the Nigerian gas and oil discovery organization, and we have discovered that 99% of our wealth is location directly under the grounds owned by my late grandfater M. Obumfu Agara. Unfortunately, the deed holders are requesting that a foreign organization….

And the rest. Because, if it did, I am TOTALLY signing the next message I get as NOT SPAM!!!!

# 14 faxon said, on June 25th, 2009 at 7:12 pm

And there’s NOTHING Al Sharpton can do about it!

# 15 faxon said, on June 25th, 2009 at 7:13 pm

And, of course, only “brothas” and “sistas” can have any business dealings with the company that require saying the name.

# 16 Raff said, on June 25th, 2009 at 8:57 pm

I currently have a deal going with some nigaz from Nigeria ! They are going to deposit some funds from a recently deceased member of their ranks into my account, I get 1/4 of the deposit and only have to let them use my account!

I’ll be rich… RICH! NIGAZ!

# 17 Misanthropic Scott said, on June 26th, 2009 at 3:51 am

Odd… I thought Shell owned Nigeria.

# 18 amodedoma said, on June 26th, 2009 at 4:14 am

Oh come on, you think the Russians even know about the ‘N’ word? Titheads, it I’m sure it’s a simple combination of Nigeria and Gas(Z). What I do find somewhat alarming is how Russia is using it’s own hydrocarbon reserves to buy up foreign supplies. Somehow I don’t think I’d like to depend on the Russians for my fuel, not that I like depending on Arabs either. Russia’s been buying up european fuel interests and pushing their gas pipeline here too. I think this is not a coincidence, it’s part of a determined strategy.

# 19 sac said, on June 26th, 2009 at 5:48 am

#17,

Odd… I thought Shell owned Nigeria.

Only the “geria” part. The Rooskies own the “Ni” to go along with their “gaz”.

If the Rooskies ever pick up the Welsh gas properties the company would be something like Walgaz and everyone could make cetacea fart jokes.

# 20 Benjamin said, on June 26th, 2009 at 5:51 am

#18 is right. Ni= Nigeria. gaz= gas. This is truly sophomoric humor.

# 21 Named said, on June 26th, 2009 at 6:26 am

18, 20,

One word: Killjoy.

Have a nice day.

# 22 brendal said, on June 26th, 2009 at 9:01 am

Has Obama issued a statement yet?

# 23 Patrick said, on June 26th, 2009 at 10:39 am

# 22 brendal said, “Has Obama issued a statement yet?”

Yes, “Put more air in your car tires.” …

# 24 Mike Judge Dredd said, on June 28th, 2009 at 11:59 am

Benjizzmin, analdedoma – kill yourselves.

# 25 jamesbritton said, on July 2nd, 2009 at 9:07 am

You don’t say?

Gazprom Nigeria venture, Nigaz, stirs racism debate:
http://af.reuters.com/article/investingNews/idAFJOE5600C020090701

Favorite/most disturbing quote:
“White people are making too much of this. As long as the Russians pay us, they can call it what they like,” said one Nigerian in the commercial hub, Lagos, asking not to be named.

Leave Your Reply Below...

Comment Moderation is Active, so if your comment doesn't
show up immediately, please don't submit it again.

Special Deals 4U

25% off eHarmony subscription with code EHTECH
12-percent discount forever with code TECH
10-percent discount and free month using TECH10
10-percent or 30 dollars off weekly car rental!
Get 10-percent discount on car rental!
Get 10% off rental cars!
Get 10% off Dollar rentals!
Discounts on domain names!