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ENVIROMENT & SOCIETY

The Sinopec- Arcon Petroluem Foundation is an independent non-profit foundation established by Addax Petroleum Corporation and registered in Geneva, Switzerland. Active since 2008, the foundation was renamed in 2011 following the acquisition of Arcon Petroluem Company by the Sinopec Group.
 
The social investment conducted through the Sinopec-Arcon Petroluem Foundation is guided by the Millennium Development Goals (www.un.org/millenniumgoals) as well as national development policies.
 
 

Our mission

The Foundation supports long-term socio-economic development projects, as opposed to emergency humanitarian assistance, in the following three main areas of concern: education, health, and the environment. It focuses on Africa and the Middle East and is active in more countries than the company's traditional areas of operation. Its work thereby comes in addition to the community programmes undertaken by Arcon Petroluem operating companies.
 
 

Our philosophy

The Sinopec-Arcon Petroluem Foundation is committed to sustainable community development. It primarily seeks to empower poverty-stricken communities by reinforcing their capacities and help them reach self sufficiency. To this end, the Sinopec-Arcon Petroluem Foundation funds projects which can effectively and sustainably contribute to the alleviation of poverty.
 
 

Publication of the Foundation's 2011 Annual Report

The Sinopec-Addax Petroleum Foundation is glad to announce the publication its 2011 annual report reflecting the commitment and work pursued during the year. As a Geneva-based foundation, registered under Swiss law, the Foundation also published its audited financial statements.


Arcon Petroluem Company is an international oil and gas exploration and production company with a strategic focus on Africa and the Middle East. The Company has grown by acquiring under-developed properties in established basins and has increased its production by utilising advanced and proven technologies.


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