It's unlikely that Turkey will back away from energy ties with the semiautonomous Kurdish government in Iraq as pressure on Iran grows, an analyst said. The central government in Baghdad expressed frustration with the Kurdistan Regional Government after truckloads of oil began moving through northern Iraq to Turkey. Iraq lacks legislation that governs its energy sector effectively and Baghdad says unilateral action from the KRG is illegal. Kurdish officials said they're doing nothing to violate the national constitution. The Kurdish government has signed deals with international oil companies like Exxon Mobil despite disputes with Baghdad. Sinan Ulgen, director of the Edam research center in Istanbul, told Voice of America that it's unlikely that Ankara would bow to pressure from the government of Iraqi Prime Minister Nouri al-Maliki. "In the long run Turkey is looking at the opportunities in northern Iraq in order to allay some of its concerns over energy imports," said Ulgen. "So from that perspective in the medium and long term it will provide an alternative to Turkey's dependency on Iran." Sanctions pressure on Iran makes it difficult for customers to maintain strong energy ties with Tehran.
GMT 18:36 2017 Tuesday ,26 December
Scenting a recovery, oil producers ratchet up spendingGMT 20:43 2017 Monday ,25 December
Oil markets will witness balance in 2018: Iraqi Oil MinisterGMT 16:17 2017 Sunday ,24 December
Iraq invites bids for new oil pipelineGMT 14:26 2017 Friday ,22 December
Energy prices bump key US inflation index up in NovemberGMT 17:59 2017 Tuesday ,19 December
Japan trade surplus drops sharply on higher oil importsGMT 17:31 2017 Thursday ,14 December
Energy costs push US consumer inflation higher as Fed meetsGMT 15:30 2017 Wednesday ,29 November
Shell resumes all-cash dividend as oil price recoversGMT 13:22 2017 Sunday ,26 November
Chinese demand teaser to weigh on Vienna oil summit
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor