GERMANY AND AUSTRIA TO TAP OIL RESERVES AFTER 400 MILLION BARRELS REQUESTED. (PHOTO).
Germany and Austria to tap oil reserves after 400 million barrels requested Germany and Austria announced they are releasing portions of their oil reserves in response to an International Energy Agency request for member nations to collectively release 400 million barrels to help ease rising energy prices linked to the Iran conflict. Japan also said it will begin releasing part of its reserves starting Monday. The move marks one of the largest coordinated releases of emergency oil stocks in history. The previous record came in 2022, when IEA members released 182.7 million barrels following the energy disruptions caused by Russia’s invasion of Ukraine. Member countries currently hold over 1.2 billion barrels of public emergency oil stocks, along with an additional 600 million barrels of industry stocks maintained under government requirements. The release comes amid heightened tensions in the Persian Gulf, where Iran has targeted commercial ships and disrupted shipping throug...
Former Minister of Aviation and a chieftain of the People's Democratic Party {PDP},Chief Femi Fani Kayode,arrived the headquarters of the EFCC at about 9:35am today monday morning to honour invitation in respect of his involvement in the Dasukigate.The Invitation letter sent to Fani Kayode who also served as spokesman for the Goodluck Jonathan Campaign Organisation in 2015,reads in part: ''This commission is investigating a case of criminal conspiracy,fraud and money laundering involving Joint Trust Dimension Ltd.In which you featured prominently.In view of the above,you're requested to kindly report for an interview with the undersigned''.One more photo below.
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