Turkey - 01

Turkey: Ankara to Pursue Aggressive Offshore Exploration Strategy

On 10 August, Turkish Minister of Energy and Natural Resources Berat Albayrak stated that his ministry will push for “more aggressive” exploration efforts in the Black Sea and eastern Mediterranean in the coming months. He made this statement during a live TV interview, held specifically to declare his new energy strategy. He further stated that

Turkey - 01

Turkey: German Firms Listed on Terrorism Watchlist: Implications for Investors

On 21 July, Turkey submitted the names of 681 German companies to the Interpol database for “suspicion of terror links.” The list included German economic powerhouses such as Daimler and BASF AG, generating EU-wide diplomatic protests. This incident follows a series of high-profile diplomatic escalations between Ankara and Berlin.

Turkey - 05

Turkey: Daax Corporation Eyes a Piece of the Domestic Gas Market

Daax is appearing more frequently in discussions on Turkey’s gas sector. The company and its CEO, Umit Sonmez Inanc (see our Personality of the Week), featured in Genel Energy’s last four shareholder transactions. On 12 April and 26 May 2017, Inanc personally acquired around 5.08% of Genel’s shares, and Daax purchased another 26.90% on 31

Turkey - 01

Turkey: Afrin Escalation: Implications for Ankara’s Gambit in Northern Syria

Turkey has been increasing military pressure on Afrin during the past week in order to accomplish two main goals. First is threatening the Syrian Democratic Forces (SDF) and People’s Protection Units (YPG), which Ankara directly associates with the banned Kurdistan Workers’ Party (PKK). Ankara has been aiming to expel the SDF and YPG from the

Turkey - 02

Turkey: Ankara Warms to Moscow with TurkStream Pipeline

Russian President Vladimir Putin called Erdogan on 23 June from an offshore platform near Anapa, on Russia’s Black Sea coast, to signal the start of the TurkStream pipeline. The project’s deepwater phase will cross the Black Sea from Anapa to Turkey’s northwestern port of Kiyikoy. The gas will then be transited overland to Greece. TurkStream’s

Turkey - 01

Turkey: Senior Staff Visit Washington: Looking Ahead to Erdogan’s Summit with Trump

Turkish Chief of Staff Gen. Hulusi Akar, National Intelligence Organization (MIT) Undersecretary Hakan Fidan and presidential spokesman Ibrahim Kalin traveled to Washington, D.C. on 4 May in one of the most public visits by a Turkish delegation in recent years. The visit aimed to tackle three main areas of disagreement between Washington and Ankara.

Turkey - 03

Turkey: Erdogan’s Silent Secular Shift: Meaning for Investors

President Recep Tayyip Erdogan is known as an Islamist leader. He comes from Turkey’s “National Outlook” tradition, which was established in the late 1960s as a Turkish version of the Muslim Brotherhood. The National Outlook movement’s ideological affinity for the Brotherhood continued long into the tenure of the Justice and Development Party (AKP) under Erdogan’s

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Turkey: The Gulen Factor in Ankara’s Foreign Relations

Followers of the cleric Fethullah Gulen have long mastered the art of networking and keeping a low profile. These tools were necessary for Gulenists to infiltrate the Turkish state since the late 1960s and assume key positions in the military, police, judiciary and bureaucracy – a process that culminated with their alleged role in the

Turkey - 03

Turkey: Ankara to Push Ahead with Turkish Stream

On 26 October Minister of Energy and Natural Resources Berat Albayrak stated that Ankara wants to go ahead with the construction of the Turkish Stream project “without further delay.” Albayrak also noted that the Turkish side sees the project as a win-win solution. His statement indicates a departure from Ankara’s formerly ambivalent policy line toward

Turkey - 01

Turkey: The War Against ISIL, Competition with Russia and Turkey’s Role in Mosul

Since the failed coup attempt of 15 July, the Turkish military has undergone a profound purge, most notably in the colonel and brigadier general ranks, with a total number of 1,684 dismissals (1,068 Army, 154 Navy and 461 Air Force). The coup planning centered on the Air Force Academy and the Incirlik Air Force Base