Russia's Gazprom Reaches Nigerian Energy Cooperation Deal

Russias Gazprom Reaches Nigerian Energy Cooperation Deal
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Τετ, 3 Σεπτεμβρίου 2008 - 15:20
Russian gas group Gazprom OAO (GAZP.RS) said Wednesday it had signed a cooperation deal on oil and gas exploration in Nigeria.
Russian gas group Gazprom OAO (GAZP.RS) said Wednesday it had signed a cooperation deal on oil and gas exploration in Nigeria.

Gazprom said in a statement that the accord with Nigeria's national oil company covers exploration and production of oil and gas plus associated operations in several projects.

A joint Russian-Nigerian company will develop the projects, it added.

Nigeria was until recently Africa's largest oil exporter but militants seeking a greater share of the wealth in the Niger delta region have waged a campaign of attacks and kidnappings, cutting output sharply.

Angola is now counted as Africa's biggest oil producer, ahead of Nigeria, as a result, according to figures from the Organization of Petroleum Exporting Countries.

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