Nigaz is a

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and economic risk, risks, and shared governance. Companies typically pursue joint ventures for one of four rea ...

between the

Russia Russia (, , ), or the Russian Federation, is a transcontinental country spanning Eastern Europe and Northern Asia. It is the largest country in the world, with its internationally recognised territory covering , and encompassing one-eig ...

n gas company Gazprom EP International B.V. (100% affiliate of OAO Gazprom) and the

Nigerian National Petroleum Corporation NNPC Limited is a for profit oil company in Nigeria. Formerly a government-owned corporation, it was transformed from a corporation to a limited liability company in July 2022. NNPC Limited is the only entity licensed to operate in the country ...

. 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. Launching the company, Russian president Dmitry Medvedev announced his intention to form a major energy partnership with

Nigeria Nigeria ( ), , ig, Naìjíríyà, yo, Nàìjíríà, pcm, Naijá , ff, Naajeeriya, kcg, Naijeriya officially the Federal Republic of Nigeria, is a country in West Africa. It is situated between the Sahel to the north and the Gulf o ...

at a meeting in Abuja with Nigerian president

Umaru Yar'Adua Umaru Musa Yar'Adua (16 August 19515 May 2010) was a Nigerian politician who, was the President of Nigeria from 2007 to 2010. He was declared the winner of the Nigerian presidential election held on 21 April 2007, and was sworn in on 29 May 20 ...

. The company's name, a

portmanteau A portmanteau word, or portmanteau (, ) is a blend of wordsnigga ''Nigga'' () is a colloquial and vulgar term used in African-American Vernacular English that began as a dialect form of the word ''nigger'', an ethnic slur against black people. The word is commonly associated with hip hop music and Afri ...

", a slang derivative and

reclaimed word In linguistics, reappropriation, reclamation, or resignification is the cultural process by which a group reclaims words or artifacts that were previously used in a way disparaging of that group. It is a specific form of a semantic change (i.e. ...

from "

nigger In the English language, the word ''nigger'' is an ethnic slur used against black people, especially African Americans. Starting in the late 1990s, references to ''nigger'' have been progressively replaced by the euphemism , notably in cases ...

", in

African American Vernacular English African-American Vernacular English (AAVE, ), also referred to as Black (Vernacular) English, Black English Vernacular, or occasionally Ebonics (a colloquial, controversial term), is the variety of English natively spoken, particularly in urba ...

References

Oil and gas companies of Nigeria Gazprom subsidiaries Nigeria–Russia relations Naming controversies {{petroleum-company-stub