Nigaz

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Nigaz is an energy exploration and generation company operating throughout Nigeria, specializing in the construction of oil and gas refineries, pipelines, and gas power stations. [1] It is a joint venture between the Russian gas company Gazprom EP International B.V. (100% affiliate of OAO Gazprom) and the Nigerian National Petroleum Corporation. [2] Nigaz was established in 2009.

It plans to invest US$2.5 billion to build oil and gas refineries, pipelines and gas power stations in Nigeria. [3] Launching the company, Russian president Dmitry Medvedev announced his intention to form a major energy partnership with Nigeria at a meeting in Abuja with Nigerian president Umaru Yar'Adua. [4]

The company's name, a portmanteau of "Nigeria" and "Gazprom", attracted media attention because of its similarity to the potentially offensive word "nigga", a slang derivative and reclaimed word from "nigger", in African American Vernacular English. [3] [5]

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References

  1. "Nigaz Company Profile 2024: Valuation, Funding & Investors | PitchBook" . Retrieved 14 November 2024.
  2. "Medvedev Discusses OPEC in Angola". The Moscow Times. 2009-07-01. Retrieved 2009-07-01.
  3. 1 2 "Gazprom stirs racism talk with new gig" . Upstream Online . NHST Media Group. 2009-07-01. Retrieved 2009-07-03.
  4. Harding, Luke (2009-06-30). "Branding blunder gives Russia-Nigeria energy linkup a bad name". The Guardian. Retrieved 2009-07-01.
  5. Whitehead, Jennifer (2009-06-29). "Gazprom accused of branding fail over Nigerian joint venture 'Nigaz'". Brand Republic . Retrieved 2009-07-03.