Global energy major, ExxonMobil has invested over $20 million in Mozambique as part of its social investment strategy since 2017 and plans to direct more investments in the local economy through upcoming projects, according to Armando Afonso, Public & Government Affairs Manager, ExxonMobil Mozambique.
Speaking at the Invest in African Energies: Mozambique Roundtable, organized by the African Energy Chamber and the Mozambique Energy Chamber, Afonso said expanding opportunities within Mozambique’s oil and gas sector are strengthening ExxonMobil’s commitment to socioeconomic investments.
Afonso highlighted the vast reserves in Area 4, the country’s prime location and strategic market access, and the Rovuma LNG project’s low-emissions profile as key drivers of ExxonMobil’s commitment. He also highlighted the potential for integrating renewable energy sources such as solar, wind…
