Independent and cutting-edge analysis on global affairs

 

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
This issue was published in collaboration with AmCham Turkey.
From the Desk of the Editor TPQ’s Winter 2019/20 issue, published in collaboration with AmCham Turkey, titled A Long-Lasting Affinity: Acknowledging US-Turkey Ties, lays out how strong cultural, educational, and professional relationships across different sectors culminate in beneficial partnerships and success stories. Our dedicated readers will realize that this Winter issue is a continuation of our new brand TPQ...
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