Posts

Showing posts from December 28, 2018

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

Image
 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...

DANGOTE NOT MEMBER OF APC CAMPAIGN COUNCIL-FEMI ADESINA.#PRESS RELEASE.

Image
     It has become imperative to further clarify the status of Alhaji Aliko Dangote, named under the sub-head ADVISORY MEMBERS in the All Progressives Congress (APC) Presidential Campaign Council announced on Friday, December 28, 2018. Africa's richest man, not being a card-carrying member of APC, cannot, and is not member of the PCC. He is also a member of the Peace Committee, and thus cannot be in a partisan campaign council. Femi Adesina Special Adviser to the President (Media and Publicity) December 28, 2018.