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...
Troops of Operation LAFIYA DOLE Task Force Battle Group and Multinational Joint Task Force presently harbouring in Abadan village dealt decisively with elements of Boko Haram that attempted to attack on their location.The attack which was launched by the terrorist group at about 6:30 am yesterday thursday 22nd September 2016 and it lasted for about 2 hours.During the fierce battle,the troops killed 15 of the insurgents,with many escaping with gunshot wounds.Sadly however 2 soldiers paid the supreme price in action while 4 others were wounded in action.The bodies of our late colleagues and the wounded have since been evacuated.The gallant troops recovered weapons and ammunitions from the insurgents These includes,1 Gun truck,1 60mm Mortar tube,7 60mm Morter bomb,a General Purpose Machine {GPMG},3 damaged AK 47 Rifle,4 Bandoliers of Anti-Aircraft roundss of ammunition.The troops have continued mop up and clearance operations of the remnants of the terrorists.They have also intensified vigilance and high level of alertness.
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