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Australia’s Invictus Downplays Discovery of Oil Deposits in Zimbabwe

One day after Zimbabwean officials announced that oil had been found in the country’s north, the Australian company exploring for the oil said that wasn’t so. Invictus Energy says there are “positive indications” of oil, but no one can know for sure until a well is drilled. Australia-based Invictus on Friday downplayed claims by President Emmerson Mnangagwa that the company had discovered oil and natural gas deposits about 200 kilometers north of Harare. In a statement, the company...

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