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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OGUN TRANSPORT MINISTRY ROLLS OUT TRAFFIC ADVISORY ON IYALODE ALABA LAWSON'S BURIAL.(PHOTO).#PRESS RELEASE

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OGUN TRANSPORT MINISTRY ROLLS OUT TRAFFIC ADVISORY ON IYALODE ALABA LAWSON'S BURIAL



The Ogun State Ministry of Transportation has notified the general public, particularly the motoring public that Oke-Itoku junction inbound Sapon will not be accessible to traffic on Tuesday, December 5 and Friday, December 8, 2023.


A release signed by the Commissioner for Transport, Engr. Gbenga Dairo indicated that the traffic advisory was due to the heavy flow of human and vehicular movement anticipated during the service of songs and other burial activities put in place for the late Iyalode of Egbaland, Chief Mrs Oluwaseun Alaba Lawson, scheduled to hold at the Osile Oke-Ona Egbas’ Palace, Sapon, on the said days.


The release further stated that traffic from Ake and its environs to Sapon would be diverted to Ijemo-Agbadu/Ake near Oke-Itoku junction, thereby temporarily converting it to two-way traffic for the duration of the event on each of the two (2) days as stated below:


Day 1 (Tuesday, 5th December, 2023, 2pm -8pm)


Day 2 (Friday, 8th December, 2023, 2pm-8pm)


It added that TRACE and security agencies would be deployed along the routes to ensure effective and integrated traffic management, to limit delay and traffic congestion.


The release appealed to members of the public and road users along the axis for their understanding and regrets any inconveniences, adding that the State government had assured that the measures put in place would minimise delay and guarantee orderliness.

 

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