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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RETIRED GENERALS BEHIND ILLEGAL MINING, SAYS OSHIOMHOLE. (PHOTO).

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 Retired generals behind illegal mining, says Oshiomhole


The Senator representing Edo North in the National Assembly, Adams Oshiomhole, has alleged that retired military generals are behind illegal mining across the country.

Oshiomhole, the Chairman of the Senate Committee on Interior, made the allegation on Friday when the Chairman of the Senate Committee on Solid Minerals Development, Sampson Ekong, submitted his 2025 budget report before the Senate Committee on Appropriations.

The former Governor of Edo State, who is a member of the Appropriations Committee, said the retired military generals are known to him and everyone.

He also recalled a letter he wrote to former President Muhammadu Buhari on the issue of illegal mining when he was in office.

Oshiomhole said, “The ongoing illegal mining across the country is being carried out by retired generals, and we know them. Yes, we know them. Nobody in Africa doesn’t know them. I wrote a letter to former President Muhammadu Buhari on the matter when he was in office.

“This is because a team that I sent to go and conduct the primary somewhere reported back to me the challenge of conducting primary elections in Zamfara because of the illegal miners.

“If we have to fight this menace, we need to deploy the Army even to kill anyone who is involved in the illegal pumping of oil. We should also deploy JTFs, comprising the Army, Police, and Air force, against them.”

Oshiomhole said the country’s efforts to diversify its economy would remain a mirage if President Bola Tinubu’s administration failed to address the issue of illegal mining.

The panel agreed with Oshiomhole’s submissions and urged various security agencies to take up the challenge.

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