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, TINUBU IN CLOSED-DOOR MEETING, PRAY JUMA’AT TOGETHER.(PHOTO).#PRESS RELEASE.

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PRESIDENT BUHARI, TINUBU IN CLOSED-DOOR MEETING, PRAY JUMA’AT TOGETHER



President-elect, Asiwaju Bola Ahmed Tinubu, joined President Muhammadu Buhari to offer Friday prayers at the State House Mosque, Aso Rock Villa, Abuja.


Before they joined the congregation in prayers, the two had a closed-door meeting at which they greeted one another on the Sallah occasion following the completion of the 30-day Ramadan fast and privately discussed a host of issues of common concern to them.


The President-elect was accompanied to the State House by the Speaker of the House of Representatives, Hon. Femi Gbajabiamila and two Governors, Dr. Abdullahi Umar Ganduje of Kano and Abdulrahman Abdulrazaq   of Kwara State as well as  Alhassan Ado Doguwa the Majority Leader of House of Representatives.


President Buhari in bidding a farewell to the visitor said “thank you for joining us in prayer.”


 


Garba Shehu

Senior Special Assistant to the President

(Media & Publicity) 

April 28, 2023

 

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