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Nigaz

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Logo of Nigaz

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]

References

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  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. ^ a b "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.