Zimbabwe Reports Discovery of Oil, Gas Deposits

Zimbabwean President Emmerson Mnangagwa, his cabinet members and officials of Invictus Energy are pictured Nov. 1, 2018, after announcing the discovery of oil and gas deposits on Zimbabwe’s border with Mozambique. (C. Mavhunga/VOA)

HARARE, ZIMBABWE — 

Zimbabwean President Emmerson Mnangagwa said Thursday that an Australian company had discovered oil deposits on Zimbabwe's border with Mozambique.

Economists, however, said It was far too early for the fuel-challenged country to start popping champagne corks.

Mnangagwa said at an emergency press briefing that he had "important news for Zimbabwe."...Continue article here