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Gazprom May Delay Nigerian Investment Plans Until Next Year

OAO Gazprom, the world’s largest gas producer, may delay plans to invest billions of dollars in Nigeria until after an oil bill is passed and general elections are held next year.

“Any investment decision has to be after the elections,” Vladimir Ilyanin, chief executive officer of Gazprom’s Nigerian unit, said in an interview yesterday in the capital city of Abuja. Once the polls are over and legislation is passed, “we’ll roll out our plans.”