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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WE WILL CONTNUE TO STAND, FIGHT FOR JUSTICE AS A COUNTRY, SAYS PRESIDENT BUHARI AT AU. (PHOTOS).#PRESS RELEASE

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WE WILL CONTNUE TO STAND, FIGHT FOR JUSTICE AS A COUNTRY, SAYS PRESIDENT BUHARI AT AU


President Muhammadu Buhari Saturday in Addis Ababa, Ethiopia, said Nigeria will continue to pursue peace and progress in Africa, and other parts of the world, by consistently pushing for justice, fairness and inclusiveness in global affairs.

In a sideline meeting with the Prime Minister of Palestine, Mohammad Shtayyeh, at the ongoing African Union meetings, President Buhari said the country remains unwavering in supporting democracy, development and good governance, particularly in ensuring the rights of individuals and institutions.

“As a country we are doing our best, and we will continue doing our best to ensure justice and fairness,” he said.

The President assured the Palestinian leader that Nigeria will be “consistent” in pushing for peace and progress, while upholding the tenets of justice.

In his remarks, the Palestinian leader noted that the situation in the Middle East, particularly relations with Israel, had deteriorated over the years, adding that the world needs to know the facts.

Shtayyeh thanked President Buhari for his leadership role in the continent.

“Your Excellency, we thank you for your wisdom. We need it more now.

“Please continue to stay well and healthy, because we need your wisdom,” he said.

Femi Adesina

Special Adviser to the President

(Media & Publicity)

February 5, 2022

More photos below 







 

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