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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AES CONFEDERATION PASSPORT TO CIRCULATE NEXT WEEK. (PHOTO).

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 AES confederation passport to circulate next week


Assimi Goita, president of the Alliance of Sahel States (AES), announced in a statement on Thursday the launch of the AES confederation passport, set to be issued in Burkina Faso, Mali, and Niger starting Jan. 29, Xinhua reported.


While old passports will remain valid until their expiration dates, citizens of the AES confederation who hold the old passports featuring the logo of the Economic Community of West African States (ECOWAS) may exchange them for new AES passports, according to the statement.


Goita reassured citizens within the confederation that all necessary measures will be implemented to ensure the effective free movement of individuals and goods.


On Nov. 22, 2024, the ministers responsible for security in Burkina Faso, Mali, and Niger convened in Bamako to finalize the technical specifications for the production of travel and identity documents for AES confederation nationals.


The announcement followed the prior declaration of the states' withdrawal from the ECOWAS, which will be officially completed on Jan. 29.


On Sept. 16, 2023, Burkina Faso, Mali and Niger signed the Liptako-Gourma Charter, establishing the AES.


On July 6, 2024, the three countries announced the creation of the confederation during the institution's first summit in Niamey, marking a significant step toward establishing an economic-military bloc and moving away from regional and Western countries following a series of coups.

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