- An Austrian energy company found gas and oil deposits in Zimbabwe
- Emmerson Mnangagwa, the Zimbabwean president, announced the discovery on television on 1 November
- The president says it is an exciting discovery for Zimbabwe
Zimbabwe has discovered gas and oil deposits within its borders.
The Zimbabwean president, Emmerson Mnangagwa, made the announcement of the discovery on Thursday, 1 November.
The gas and oil deposits were found in the Mashonaland Central Province after a study by Invictus Energy Limited, an Australian company.
The Zimbabwean president addressed the nation on television and stated that the government has been working with the company for the last few months, as reported by eNCA.
According to President Mnangagwa, it is a great development for Zimbabwe. Exploration of the deposits will be made by mid 2020.
The company is focused on energy in Sub-Saharan Africa and is committed to working with and in Zimbabwe.
The president said that Invictus will enter into an agreement with the Zimbabwe government that will kick in when the project reaches the production stage.
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