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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PRESIDENT BUHARI COMMISERATES WITH INNOSON ON MOTHER’S DEATH .(PHOTO).#PRESS RELEASE.

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PRESIDENT BUHARI COMMISERATES WITH INNOSON ON MOTHER’S DEATH

 


President Muhammadu Buhari extends heartfelt condolences to Chief Innocent Chukwuma, Chairman/CEO of Innoson Group of Companies Limited, on the passing of his mother, Mama Martina Chukwuma, aged 101.

 

The President joins the Chukwuma family, relatives, and the people of Nnewi in Anambra State in honouring the life of a matriarch, who birthed, trained, nurtured and prayed for the well-being of all her children, including a very successful entrepreneur, whose successes in business is recognised worldwide.

 

As the funeral ceremonies of Mama Martina begin, the President urges members of the Chukwuma family and all that honour her memory to remember that the departed embodied the scriptural truth that those that watch over the affairs of their household, do not eat the bread of idleness.

 

The President prays that the peaceful circumstances of the homecoming of the centenarian to her Maker will bring divine comfort and solace to her family and those that mourn.

 

Femi Adesina

Special Adviser to the President

(Media & Publicity)

January 30, 2022


 

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