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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NIGERIA,INDIA COLLABORATE AGAINST MONEY LAUNDERING,ECONOMIC AND FINANCIAL CRIMES.(PHOTO).#PRESS RELEASE.

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Nigeria, India Collaborate Against Money Laundering, Economic and Financial Crimes

Executive Chairman of the EFCC, Abdulrasheed Bawa, CFE, CAMS, and the Director, Enforcement Directorate (ED) of India, Sanjay Kumar Mishra have agreed on establishing partnership and co-operation between both agencies in matters of mutual interest and concern, specifically in relation to Money Laundering and other Economic and Financial crimes.

The Executives of both agencies whose expressed consensus on the need to nip economic and financial crimes in the bud, shared thier experiences while attending the 90th Interpol General Assembly in New Delhi, India on Wednesday, 19th October, 2022 at the ED's Headquarters in New Delhi. 



 

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