Treborz Posted June 29, 2009 Report Share Posted June 29, 2009 http://news.bbc.co.uk/1/hi/business/8118721.stm 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. 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. 'Commodity-rich' "Russia has a number of goals [in Africa], one of which would be to take part in a growing competition for resources and markets on the continent - mainly with China," said Yaroslav Lissovolik, head economist with Deutsche Bank in Moscow. Sergei Novikov, a spokesman for Rosatom, Russia's state-run civil nuclear energy agency, said the Nigaz deal would lay the foundations for building nuclear power reactors in Nigeria. Nigeria has previously said it would like to develop a nuclear power plant to address its energy shortages. Before visiting Nigeria, Mr Medvedev spent time in Egypt. He is also visiting Namibia and Angola - which are rich in natural resources - during his trip, as he seeks to promote Russian business interests. "Part of the agenda is to push Russia's credentials as a representative of commodity-rich developing countries with such forums as the G8 and the G20," said Ural Sib bank's chief strategist Chris Weafer in a note to investors. Chinese deal Russia is not alone in seeking to secure energy deals overseas with commodity-rich nations. Separately on Thursday, Chinese oil refiner Sinopec has made a $7.2bn bid to acquire oil exploration and producing firm Addax, which focuses on Africa and the Middle East. If the deal is approved by regulators it would be the biggest foreign takeover by a Chinese firm. Link to comment Share on other sites More sharing options...
digitalcat Posted June 29, 2009 Report Share Posted June 29, 2009 This was on FAILBLOG ill say the same thing I said there. USA is not the world, although it sounds insulting to Americans... has nothing do with the slang word you are thinking about. NIG- Nigeria Gaz (Kinda sounds like the name GUS) Russian for gas. = NIGAZ Link to comment Share on other sites More sharing options...
Stramash Posted June 29, 2009 Report Share Posted June 29, 2009 This was on FAILBLOGill say the same thing I said there. USA is not the world, although it sounds insulting to Americans... has nothing do with the slang word you are thinking about. NIG- Nigeria Gaz (Kinda sounds like the name GUS) Russian for gas. = NIGAZ think that may be what is known as 'stating the bleeding obvious' Vlad. Doubt anyone on the site, other than the op of the 'hot girls' thread, who actually thought it was using a version of the slang word 'n***ers' Link to comment Share on other sites More sharing options...
Treborz Posted June 29, 2009 Author Report Share Posted June 29, 2009 This was on FAILBLOGill say the same thing I said there. USA is not the world, although it sounds insulting to Americans... has nothing do with the slang word you are thinking about. NIG- Nigeria Gaz (Kinda sounds like the name GUS) Russian for gas. = NIGAZ think that may be what is known as 'stating the bleeding obvious' Vlad. Doubt anyone on the site, other than the op of the 'hot girls' thread, who actually thought it was using a version of the slang word 'n***ers' It's still slightly controversial surely. I know it's probably pronounced NyeGaz but I would love to know how much they paid the person to chose the name. Link to comment Share on other sites More sharing options...
Stramash Posted June 29, 2009 Report Share Posted June 29, 2009 This was on FAILBLOGill say the same thing I said there. USA is not the world, although it sounds insulting to Americans... has nothing do with the slang word you are thinking about. NIG- Nigeria Gaz (Kinda sounds like the name GUS) Russian for gas. = NIGAZ think that may be what is known as 'stating the bleeding obvious' Vlad. Doubt anyone on the site, other than the op of the 'hot girls' thread, who actually thought it was using a version of the slang word 'n***ers' It's still slightly controversial surely. I know it's probably pronounced NyeGaz but I would love to know how much they paid the person to chose the name. If they were Russian, around 100,000 Euros If they were Nigerian, around 50 Euros and a goat. Link to comment Share on other sites More sharing options...
Treborz Posted June 29, 2009 Author Report Share Posted June 29, 2009 This was on FAILBLOGill say the same thing I said there. USA is not the world, although it sounds insulting to Americans... has nothing do with the slang word you are thinking about. NIG- Nigeria Gaz (Kinda sounds like the name GUS) Russian for gas. = NIGAZ think that may be what is known as 'stating the bleeding obvious' Vlad. Doubt anyone on the site, other than the op of the 'hot girls' thread, who actually thought it was using a version of the slang word 'n***ers' It's still slightly controversial surely. I know it's probably pronounced NyeGaz but I would love to know how much they paid the person to chose the name. If they were Russian, around 100,000 Euros If they were Nigerian, around 50 Euros and a goat. Link to comment Share on other sites More sharing options...
LasseDK Posted June 29, 2009 Report Share Posted June 29, 2009 An interesting aspect of all theese investments that especially China makes in Africa is that we are actually watching the change of power in front of our eyes. Interesting and scary at the same time. USA is on its way down, China will be ruling the world. Link to comment Share on other sites More sharing options...
Recommended Posts
Please sign in to comment
You will be able to leave a comment after signing in
Sign In Now