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.

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As well as forming Nigaz, Russia is keen on developing a trans-African pipeline to transport Nigerian gas to Europe.

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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.

hat tip Robin





PS. Google's adsense has a wicked sense of humor - I seem to be hosting Red Roof Inn ads now. Oh well.





You can't make this up. Compliments of the BBC