Sunday, June 28, 2009

Bad Business Name

June 26 (Bloomberg) -- Nigeria’s joint venture with OAO Gazprom will help boost the West African country’s earnings from natural gas, said Mohammed Barkindo, chief executive officer of Nigerian National Petroleum Corp.

Gazprom, Russia’s gas export monopoly, on June 24 signed an agreement in the Nigerian capital, Abuja, to form a company called NiGaz Energy Co. Ltd. that will invest in gas production, transportation and infrastructure in Nigeria.