Turkey - 01

Turkey: The Energy Politics of Ankara’s Idlib Deployment

On 16 September, Ankara began mobilizing troops in Hatay province for deployment in the adjacent Syrian province of Idlib, bolstering Turkish and Free Syrian Army (FSA) positions there. As per the 15 September Astana agreement, Turkey will deploy around 25,000 troops to enforce the de-escalation zone in Idlib province, holding strategic positions in Taftanaz, Maraat

Turkey - 05

Turkey: Sovereign Wealth Fund Tensions to Reverberate in Energy Sector

The Turkish Sovereign Wealth Fund (TVF) began operations on 7 February 2017 amid high expectations. Leveraging the presidency’s political support, the TVF centralizes efforts to attract large-scale foreign investment and aims to expedite the privatization of Turkey’s key state-owned enterprises (SOEs), including lucrative Turkish Airlines, TurkTelekom, satellite operator TURKSAT, Turkish Pipeline Corporation (BOTAS), Turkish Petroleum

Turkey - 03

Turkey: Military High Command Reasserts its Authority: Aksakalli Reassigned

A 22 August press release by Turkey’s Ministry of Defense stated that seven high-ranking generals and admirals had resigned, generating considerable controversy. Despite successive purges and forced resignations since the failed coup attempt in July 2016, these resignations demonstrated that grievances within the military command still lingered on and could no longer be contained. Furthermore,

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 - 02

Turkey: Investment Outlook and Risks in the Turkish Mining Industry

Turkey processes around ninety types of mineral products, rendering the country as the world’s 28th in terms of total mining production value and the 10th richest in terms of total mineral diversity. Notably, Turkey contains around 72% of the world’s reserves of boron, a mineral used in chemical compounds to produce fiberglass and high-strength ceramic

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 - 03

Turkey: World Petroleum Congress in Istanbul: Implications for TurkStream

Turkey used this year’s World Petroleum Congress to reassert its longstanding claim of being the best-positioned gas supplier to Europe. Ankara repeatedly emphasized it is better to include Turkey in energy projects than bypass it. Ankara also viewed Secretary of State Rex Tillerson’s presence as an indication of US support for Turkey’s energy hub ambitions,

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