Independent and cutting-edge analysis on Turkey and its neighborhood

 

Turkey’s impressive economic growth has been fueled by soaring energy consumption which is likely to continue over the years to come. However as Turkey risks to increase its current account deficit by five billion dollars with each ten dollars added to the current price of oil, its import-reliant energy bill is becoming unsustainable. Assessing domestic challenges against emerging regional and international opportunities, this article will argue that Turkey can secure more profitable terms for its fossil fuel imports, providing it reconsiders its foreign policy options. In this context, a politics of engagement with northern and southern Iraq may help Ankara gain greater strategic lever in its relationship with traditional oil and gas suppliers, such as Russia, Iran, and Azerbaijan.
 
 
CONTRIBUTOR
Aura Sabadus
Aura Sabadus
From the Desk of the Editor Over the last couple of years, Turkey has weathered multiples storms in close succession: two general elections that took place in a polarized political climate, an escalation of the Turkey-PKK conflict, a crisis with Russia, the 2016 failed coup attempt followed by state of emergency measures, and the continued threat of terrorist attacks. The aftermath of the constitutional referendum in April...
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