Nigeria deal in the offing: Russia's Gazprom

0 Comments | AFP, February, 2008

ABUJA (AFP) — Russian gas giant Gazprom is optimistic that talks with the Nigerian authorities will result in a deal worth more than seven billion dollars, a Gazprom executive said Wednesday in Abuja.

"We have good signs that there will be a deal," Boris Ivanov, the CEO of Gazprom's Netherlands unit told AFP in Abuja.

Ivanov, speaking on the margins of an oil and gas conference, said it was just a question of time until a deal is concluded.

"It will definitely be in excess of several billions of dollars," Ivanov said.

"It's a comprehensive proposal. It's gas distribution, it's upstream elements of the business, it's getting gas out basically. It is oil as well.

"We came as the last major company. We lost 15 years of expansion in Africa, now...