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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LASG TO DIVERT TRAFFIC AT OKE-KOTO/AGUNBIADE INTERSECTION IN AGEGE.(PHOTO).#PRESS RELEASE.

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LASG TO DIVERT TRAFFIC AT OKE-KOTO/AGUNBIADE INTERSECTION IN AGEGE


As part of efforts to carry out flood abatement works and rehabilitation of some sections of the Oke-koto/Agunbiade intersection in the Agege Local Government Area, the Lagos State Government has announced traffic diversion plans for the duration of the rehabilitation works.

A statement signed by the Commissioner for Transportation, Dr. Frederic Oladeinde, said the section of the road will be temporarily closed to traffic for a period of one month, commencing from Friday 21st October to Monday 21st November, 2022 for the rehabilitation works.

Oladeinde, therefore, advised Oke-koto bound motorists from Oba Ogunji through the Fly Over Bridge to access the bridge ramp to Old Abeokuta/Nitel and Connect Orile-Agege. Similarly, he implored Oba Ogunji bound motorists from Old Abeokuta road to drive through Agege-Isokoko to connect Asade-Oba Akran road while enjoining road users from Ipaja road to make use of available alternative routes like Morcass Road to link Oniwaya to continue their journey.

He clarified that the diversion plan will not prevent motorists coming from Agunbiade and adjoining streets from using the Pen Cinema Bridge inward Oba Ogunji road.

Appealing for caution and cooperation of commuters plying the axis, the Commissioner implored road users to obey traffic signs which have been mounted along the construction zone to minimise any inconvenience while ensuring the free flow of traffic during the rehabilitation period.

Oladeinde also assured that the State Government has directed all relevant Traffic Management and Security Agencies to ensure the free flow of traffic and safety for all during the construction works.





 

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