By Modupe Gbadeyanka
ExxonMobil has provided not less than $300,000 to aid agencies to support disaster relief and recovery efforts in Mozambique following Cyclone Idai, which made landfall on March 14.
Of this amount, $250,000 will be contributed to the American Red Cross for ongoing rescue efforts and for food, shelter and comfort for the storm’s victims.
ExxonMobil’s affiliate ExxonMobil Moçambique Limitada will contribute another $50,000 to organizations operating in Mozambique that are assisting the government with disaster relief efforts.
“We are deeply saddened by the impact of Cyclone Idai on Mozambique and surrounding countries,” said Darren W. Woods, ExxonMobil chairman and chief executive officer. “The devastation has been widespread, and this funding will help provide relief during a difficult time. Our thoughts are with everyone affected.”
ExxonMobil employees and contractors have been reported safe following the cyclone.
In Mozambique, ExxonMobil holds an indirect 25 percent interest in Area 4 and will lead the construction and operation of onshore natural gas liquefaction plants.
The company also holds 60 percent operating interest in the Angoche (A5-B) and Zambezi Delta (Z5-C and Z5-D) basins awarded during Mozambique’s fifth licensing round.
ExxonMobil, the largest publicly traded international oil and gas company, uses technology and innovation to help meet the world’s growing energy needs.
ExxonMobil 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.
more recommended stories
Vantage Capital Announces Exit from Thebe Timrite
Africa’s largest mezzanine debt fund manager,.
World Bank Unveils Plan to Improve Human Capital Investment in Africa
A new plan to help African.
AfDB Okays $4.8m for African Free Trade
By Modupe Gbadeyanka In order to.
Russia and Angola: Cooperating On Trade, Arms Delivery and Natural Resource Exploration
By Kester Kenn Klomegah Russia is.
Organizing Committee Prepares for Russia-Africa Summit
By Kester Kenn Klomegah On March.
Affordable Housing Requires a New Shape for Mortgage Industry
By Johnstone Oltetia There are two.
AfDB Doubles Climate Finance Commitments With $25bn
By Dipo Olowookere The African Development.
Court Jails Journalist for Insulting Governor
By Modupe Gbadeyanka A broadcast journalist.