On June 24, 2009, as part of the official visit by Dmitry Medvedev, President of the Russian Federation to the Federal Republic of Nigeria, Gazprom and the Nigerian National Petroleum Corporation signed an Agreement on setting up a joint venture (JV) on a parity basis.
The JV is intended for executing large-scale projects in hydrocarbon exploration, production and transportation; construction and engineering of an associated gas gathering and processing system and building of power generation facilities in Nigeria.
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