Ties that bind in Turkey
Energy and economic interdependence between Turkey and the KRG will transcend political crises
From the air, the extent to which Istanbul is pushing ever outwards becomes clear. The barren hills and wasteland have become construction sites for countless clusters of high-rise apartments buildings. Closer to the airport, tankers unloading petroleum products are a reminder that the oil and gas required to meet the demands of a swelling population must be imported, with 29% of Turkey's oil coming from northern Iraq. This overwhelming reliance on imports (99% for natural gas and 90% for oil) is a matter of concern for the government. No surprise, then, that energy minister Berat Albayrak, unveiling a new strategy for the sector, says one of the goals is to "decrease the country's dependenc
Also in this section
15 May 2025
Financial problems, lack of exploration success and political dogma cause uncertainty across much of the region
14 May 2025
The invisible hand of the market has seen increasing transparency but much more needs to be done to build a better understanding
13 May 2025
A fall in Venezuelan output drives overall production lower, as Saudi Arabia starts to slowly bring more crude to the market
12 May 2025
With the gas industry’s staunchest advocates and opponents taking brutal blows, the sector looks like treading a path of insipid indifference
