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news.bbc.co.uk - 6/26/2009

BBC NEWS | Business | Gazprom seals $2.5bn Nigeria deal

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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 ...

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Annals of Bad Branding
Talking Points Memo — ... Russia's oil and gas behemoth Gazprom and Nigeria's state-owned energy outfit have announced a new joint venture that they've given a most unfortunate name. ...

I Do Not Think That Word Means What You Think it Means: GAZPROM Edition
Lawyers, Guns and Money — Ahem: 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. H/t Chet, via TPM. ...

gas refineries with attitude; or, straight outta nigeria
skippy the bush kangaroo — via tpm, you'd think some russian translator would have researched american slang before coming up w/the final title. bbc news: ...

Tales of Marketing Genius
PoliBlog: A Rough Draft of my Thoughts — Via the BBC: Gazprom seals $2.5bn Nigeria deal 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. I think maybe the PR guys need to rethink that one. h/t: Rob Farley@LGM

Nigaz in Africa
Winds of Change.NET — In the "you've just GOT to be kidding me" department. From the BBC: bq. "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." Uh huh. "No, no, it's Frahnk-en-shteen..." On a serious level, this all part of Russia's squeeze play on Europe, for whom Russia is the #1 source of natural gas, and Algeria is #2. Hence Russia's $7.5 billion weapons sale to Algeria in 2005, ...