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 VICTIMS OF LAGOS AUTO SPARE PARTS MARKET.(PHOTO).#PRESS RELEASE.

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PRESIDENT BUHARI COMMISERATES WITH VICTIMS OF LAGOS AUTO SPARE PARTS MARKET
 

President Muhammadu Buhari has learned with deep sadness the death of a 65-year-old security guard, the loss of personal property and means of livelihood of some hardworking Nigerians at the Akere Spare Parts market in the Apapa Ajegunle area of Lagos State.
 
The President's deepest sympathies are with the traders and their families, who bear the brunt of this unfortunate incident and are at crossroads of what to do after this temporary setback.
 
The President is equally concerned that a similar fire incident occurred at the popular Balogun market a few weeks ago, calling on relevant authorities to take precautions to stem the tide.
 
While the full extent and cause of the damage is being assessed, President Buhari commends the Lagos State Fire Service for responding to the incident, salvaging a nearby filling station with a 33,000 litres PMS tanker, amongst other adjoining buildings.
 
Garba Shehu
Senior Special Assistant to the President
(Media & Publicity)
March 8, 2023


 

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