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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ABEOKUTA EXPLOSION: OGUN GOVT SEALS GAS COMPANY. (PHOTO). #PRESS RELEASE.

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 Abeokuta Explosion: @ogsgofficial Seals Gas Company 


Ogun State Government has sealed off Gasco Marine Ltd, the company whose truck was involved in an accident that caused explosion in the Ita-Oshin area of Abeokuta North Local Government Area on Saturday.


Speaking in an interview after sealing off the premises of the company located at Onijoganjogan, Abeokuta, the Senior Special Assistant to the Ogun State Governor on Environment and Chairman, Special Task Force on Environmental Matters, Hon. Farouq Akintunde said the accident occurred due to the negligence of the company.


He said: “Two days ago, Ogun State was in a tumult with the news of fire incident that occurred around Ita-Oshin. We can authoritatively confirm that the truck that was involved in that fire is from this company.


“It was a sorry case because it involved loss of life and destruction of properties. Our preliminary investigation shows that it is an act of negligence from the company as they did not do the needful as regards the truck.


“As a regulatory body which is in control of all these matters, we believe there is a need for us to conduct safety and audit tests on all their trucks to prevent future occurrence. In doing so, we have to shut down the premises and after that all other procedures will follow.”


Akintunde said the company would be unsealed as soon as all necessary steps and precautions have been put in place, maintaining that as a business-friendly state, the government does not take joy in sealing business premises perpetually.

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