President Emmerson Mnangagwa announces oil and gas deposits discovery in Muzarabani

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By Staff Reporter

President Emmerson Mnangagwa has officially announced oil and gas deposits discovery in Muzarabani, Mashonaland Central province, following a study carried out by an Australian company, Invictus Energy Limited.

 

In a televised address to the nation, President Mnangagwa said, government in the last few months worked with and facilitated Invictus, which is quoted on the Australian Stock Exchange, to undertake oil and gas exploration studies in Muzarabani.

He revealed that government has been advised by Invictus that the findings “are positive and point to oil and gas deposits in this area”, adding that Invictus and their partners will be making a statement to their shareholders through the Australian Stock Exchange in a few hours.

 

President Mnangagwa said the findings by Invictus are an exciting development for the country, adding that government will work closely with the firm.

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