Jul 3, 2009

Russia-Nigeria energy linkup

I'm sorry to double post Chris Blattman once again but this one is too funny:

It probably seemed a good idea at the time. But Russia's attempt to create a joint gas venture with Nigeria is set to become one of the classic branding disasters of all time -- after the new company was named Nigaz.

The new company Nigaz plans to invest at least $2.5bn (£1.5bn) in oil and gas exploration and aims to build refineries, pipelines and gas power stations across Nigeria.

The full Guardian article is here.

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