GERMANY AND AUSTRIA TO TAP OIL RESERVES AFTER 400 MILLION BARRELS REQUESTED. (PHOTO).

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 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...
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AMBODE FLAGS OFF EPE-MARINA LAGOON RECLAMATION TODAY+THE DUBAI-LIKE PROJECT TO BE COMPLETED IN AUGUST.{PHOTOS}.

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                      Lagos State Government,Mr Akinwunmi Ambode today tuesday embarked on extensive inspection of on-going projects across the State,where he equally flagged off the world class Epe-Marina Lagoon reclamation project aimed at giving a quantum leap to the tourism potentials of the State.Governor Ambode,who was accompanied on the inspection tour by top government functionaries,said the lagoon reclamation projects in Epe and Badagry,upon completion,would look like that of Dubai in United Arab Emirates {UAE}.He assured that the Badagry-Marina Lagoon reclamation project would be completed by the end of August,this year.Governor Ambode said ''We want to actually duplicate what you see in Dubai-Marina.This is a whole stretch of two kilometers of real estate and new tourist centres that we are putting in Epe and Badagry at the same time.We believe strongly that coming out from our retreat that we said we are going to grow the IGR of Lagos State by 2017 to N30billion and 2018 to N50billion,we believe that some of these projects that we are commencing now are just inlets to our dream of growing the IGR.We know that by the time we are expanding touring potentials of Badagry and Epe at the same time,we will be able to get new investors that will be able to come to our new locations to do other things beyond what you see about recreation,tourism or entertainment and then get a whole lot of investments into Lagos State.This is part of our dreams and dreams do come true.We are looking at the future of tourism from both axis.You cannot put tourism in those places without doing the infrastructure that is required to allow people to come in and that is why we are also doing the road network''.More photos below.                          

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