Exxon Mobil Corporation (ticker: XOM, exchange: New York Stock Exchange (.N))
News Release -
ExxonMobil Program Fosters Growth and Development in Local Communities in Africa
IRVING, Texas--(BUSINESS WIRE)--Nov. 13, 2007--Exxon Mobil
Corporation (NYSE:XOM) announced today it will host a workshop at the
Corporate Council on Africa's 2007 U.S.-Africa Business Summit to
highlight its development of national employees and suppliers and
strategic community investments in Africa. ExxonMobil is a corporate
sponsor of the Nov. 14-16, 2007, summit at the Cape Town, South
Africa, Convention Center to promote opportunities for international
trade and investment in Africa.
"Enhancing the economic and social opportunities associated with
finding, developing and producing oil and gas is a strategic focus
area for ExxonMobil. One of the most important contributions we make
to the countries where we operate is supporting economic growth and
improving the quality of life," said Mike Fry, vice president for
Africa, ExxonMobil Production Company. "What is attainable in each
country has varied depending on infrastructure, industrial base,
suppliers, and government laws and regulations."
But in each case, said Fry, the goal is the same. "We want the
benefits of our projects to be designed such that they are sustainable
over the long term."
During the workshop, ExxonMobil affiliate speakers will discuss
case studies involving:
- Training local people in technical and professional skills
that are needed for existing and future projects and
- Increasing suppliers' capability to meet the global standards
of ExxonMobil and others in order to qualify for contracts.
- Investing in communities to support improved health and
educational programs and infrastructure support.
For example, in Angola, almost two-thirds of our work force is
Angolan. Recent affiliate development projects purchased over $1
billion in local goods and services, including substantial
subcontracts to Angolan companies.
In Equatorial Guinea, our affiliate has invested more than $25
million to build human capacity, which includes training and educating
national employees abroad.
In Nigeria, our ExxonMobil affiliate-operated Erha/Erha North
deepwater project achieved significant milestones, including the first
subsea integration test executed in West Africa and the manufacture of
significant project components in Nigeria.
In Chad and Cameroon, our ExxonMobil affiliate-operated project
has purchased more than $1.5 billion of local goods and services and
has made community investments of more than $9 million.
"So while we're providing energy to meet global needs, we are
doing something just as important -- working with our partners,
suppliers, communities and host governments to help deliver economic
and social development," Fry said.
More information on ExxonMobil's economic support and incentive
programs for capacity building is available online at
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copied/pasted into your Internet browser's address field. Remove the
extra space if one exists.)
Margaret Ross, 713-656-4376
SOURCE: Exxon Mobil Corporation