ExxonMobil to Provide $3 Million to USAID Programs in Mozambique
20 June 2019 - 1:45AM
Business Wire
ExxonMobil and the United States Agency for International
Development (USAID) said today that ExxonMobil will provide $3
million to USAID to design and
administer programs that improve social and economic
development in Mozambique.
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the full release here:
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The collaboration was announced by Administrator Mark Green at
the 2019 Corporate Council on U.S.-Africa Business Summit.
“This effort will leverage the combined expertise and
capabilities of USAID and ExxonMobil to implement sustainable
programs that lead to improved quality of life,” said Liam Mallon,
president of ExxonMobil Upstream Oil & Gas Company.
USAID will apply its experience and strong expertise to promote
stability, governance and development initiatives tailored to help
community needs. USAID is committed to deepening collaboration with
the private sector in areas ranging from economic growth, energy,
agriculture and global health to humanitarian assistance, women’s
empowerment and education.
Since 2018, ExxonMobil has invested more than $3 million in
community programs that promote improved education, health care,
family empowerment, agriculture and biodiversity conservation
across Mozambique. These contributions include more than $400,000
in emergency assistance efforts in response to cyclones Idai and
Kenneth.
ExxonMobil holds a 25 percent indirect interest in Mozambique
Area 4 concession and will lead the construction and operation of
the future onshore natural gas liquefaction facilities in Cabo
Delgado’s Agfungi peninsula. In addition, ExxonMobil holds joint
rights to operate the Angoche basin (A5-B) and the Zambezi Delta
(Z5-C and Z5-D) concessions.
About ExxonMobil
ExxonMobil, the largest publicly traded international energy
company, uses technology and innovation to help meet the world’s
growing energy needs. ExxonMobil is a global leader in LNG project
execution and holds an industry-leading inventory of resources, is
one of the largest refiners and marketers of petroleum products,
and its chemical company is one of the largest in the world. For
more information, visit www.exxonmobil.com or follow us on Twitter
at www.twitter.com/exxonmobil.
About USAID
The United States Agency for International Development
(USAID) leads the U.S. Government's international development
and disaster assistance through partnerships and investments that
save lives, reduce poverty, strengthen democratic governance, and
help people emerge from humanitarian crises. For more
information about USAID’s work to foster sustainable development
and advance human dignity visit www.usaid.gov.
Cautionary Statement: Statements of
future events or conditions in this release are forward-looking
statements. Actual future results, including project plans could
differ materially due to changes in long-term market prices of oil
and natural gas and other economic conditions affecting the supply
and demand for LNG in relevant markets; the outcome of commercial
negotiations; actions of competitors; changes in political or
regulatory factors, including government approval of development
plans; unforeseen technical or operational factors; and other
factors cited under the caption “Factors Affecting Future Results”
on the Investors page of our website at www.exxonmobil.com.
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ExxonMobil Media Relations972-940-6007
USAID:202-712-4320
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