Exxon to fuel Africa growth

AMERICAN oil giant ExxonMobil plans to boost its African output by 50 per cent by the end of the decade as it expands in Nigeria and Angola and steps up exploration in Madagascar.

"By the end of the decade, planned developments in several countries are expected to increase our African production by about 50 per cent," Kevin Biddle, vice president for Africa, told an oil conference in Cape Town.

ExxonMobil currently produces about two million oil equivalent barrels per day in Africa.

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