Mnangagwa says Australian firm finds oil, gas in Zimbabwe

President Emmerson Mnangagwa

HARARE (Reuters) – Zimbabwe’s President Emmerson Mnangagwa said on Thursday that Australia’s Invictus Energy had found oil and gas deposits in the northern Muzarabani area of the country.

Invictus Energy has agreed to enter a production sharing arrangement with Zimbabwe once the project reaches commercial production, Mnangagwa said.