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
13 September 2024
The Ukraine–Russia gas transit and interconnection agreements are due to expire at the end of this year, but despite some uncertainty, Europe seems well-prepared
12 September 2024
The oil alliance must navigate the good, the bad and the ugly in its showdown with the market at the beginning of December
12 September 2024
The transition to oil evokes revolution and renaissance
11 September 2024
But the young nation may have to go through a fallow period before that project comes online as the Bayu-Undan field nears exhaustion