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MOBIL VENTURES INC. ACCREDITED IN RUSSIA

 MOBIL VENTURES INC. ACCREDITED IN RUSSIA
 FAIRFAX, Va., Oct. 21 /PRNewswire/ -- Mobil Ventures Inc., an


affiliate of Mobil Corp., has received accreditation as representative of Mobil's business endeavors in Russia. The affiliate is based in Moscow, where Mobil opened offices in July to serve as a hub of the company's business development activities in the country.
 Officials of the Russian Federation Ministry of Foreign Economic Relations formally presented accreditation papers to Tom Case, Head of Representation, Mobil Ventures, at a reception in Moscow, Oct. 15. Also in attendance were officials of the Central Bank and Nafta Moskva, Russia's oil export agency.
 "It's clearly important for us to maintain full-time contacts with government and business leaders here," said Mr. Case. "Russia is seeking to enhance its oil and gas economy, and we've been studying a number of areas for potential partnerships."
 Russia, among other former Soviet republics, is a prime area of interest for Mobil's Strategic Ventures Group (SVG), established earlier this year. SVG oversees business development initiatives in areas of the world where energy opportunities are expanding.
 Mobil Ventures' offices are at Novovorotnikovskaya Per., Dom 4/1, Moscow 103030.
 -0- 10/21/92
 /CONTACT: John Lord of Mobil, 703-846-2500/
 (MOB) CO: Mobil Corp. ST: Virginia IN: OIL SU:


SM -- NY029 -- 2744 10/21/92 09:54 EDT
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Publication:PR Newswire
Date:Oct 21, 1992
Words:217
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