• 16 hours Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 17 hours Oil Gains Spur Growth In Canada’s Oil Cities
  • 18 hours China To Take 5% Of Rosneft’s Output In New Deal
  • 18 hours UAE Oil Giant Seeks Partnership For Possible IPO
  • 19 hours Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 20 hours VW Fails To Secure Critical Commodity For EVs
  • 21 hours Enbridge Pipeline Expansion Finally Approved
  • 22 hours Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 23 hours OPEC Oil Deal Compliance Falls To 86%
  • 2 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 2 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 2 days Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 2 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 2 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 2 days Aramco Says No Plans To Shelve IPO
  • 4 days Trump Passes Iran Nuclear Deal Back to Congress
  • 5 days Texas Shutters More Coal-Fired Plants
  • 5 days Oil Trading Firm Expects Unprecedented U.S. Crude Exports
  • 5 days UK’s FCA Met With Aramco Prior To Proposing Listing Rule Change
  • 5 days Chevron Quits Australian Deepwater Oil Exploration
  • 5 days Europe Braces For End Of Iran Nuclear Deal
  • 5 days Renewable Energy Startup Powering Native American Protest Camp
  • 6 days Husky Energy Set To Restart Pipeline
  • 6 days Russia, Morocco Sign String Of Energy And Military Deals
  • 6 days Norway Looks To Cut Some Of Its Generous Tax Breaks For EVs
  • 6 days China Set To Continue Crude Oil Buying Spree, IEA Says
  • 6 days India Needs Help To Boost Oil Production
  • 6 days Shell Buys One Of Europe’s Largest EV Charging Networks
  • 6 days Oil Throwback: BP Is Bringing Back The Amoco Brand
  • 6 days Libyan Oil Output Covers 25% Of 2017 Budget Needs
  • 6 days District Judge Rules Dakota Access Can Continue Operating
  • 7 days Surprise Oil Inventory Build Shocks Markets
  • 7 days France’s Biggest Listed Bank To Stop Funding Shale, Oil Sands Projects
  • 7 days Syria’s Kurds Aim To Control Oil-Rich Areas
  • 7 days Chinese Teapots Create $5B JV To Compete With State Firms
  • 7 days Oil M&A Deals Set To Rise
  • 7 days South Sudan Tightens Oil Industry Security
  • 8 days Over 1 Million Bpd Remain Offline In Gulf Of Mexico
  • 8 days Turkmenistan To Spend $93-Billion On Oil And Gas Sector
  • 8 days Indian Hydrocarbon Projects Get $300 Billion Boost Over 10 Years
Alt Text

Kurdistan Accuses Baghdad Of Planning Oil Field Seizure

Kurdistan authorities have accused the…

Alt Text

Trump Just Made Iran A Wildcard

The impact of Trump’s decision…

Israel Irked by Turkey-Syria Military Exercises

Turkish and Syrian militaries conducted joint drills last week aimed at improving security cooperation on their shared border. The three-day exercises, which began on 28 April, were similar to those held last year. Both Israel and the US are concerned that Turkey may share Israeli technology with Syria. It was only 12 years ago that Syria and Turkey came to the brink of war. With that in mind, their rapidly improving relations are indeed significant, especially for Israel. Also last week, reports emerged that Israel has refused Turkey’s request for the Israeli-built advanced Barak-8 missile interceptor, which it fears could end up in the hands of Iran.

Bottom Line: There is considerable concern in the Israeli government that the Turkish government is increasingly shifting away from its traditionally close ties with the Jewish state. Turkey’s military exercises with Israeli enemy Syria exacerbate that perception significantly.

Alliance with Israel is of strategic utility for Turkey, but a utility that is largely pragmatic. It gains access to the Israeli defense industry (but perhaps not for much longer), and the relationship is good for Turkey’s image in the NATO alliance. However, even within NATO, Turkey is becoming increasingly critical. It has recently raised concerns about the Israeli nuclear program at a NATO summit in Tallinn, Estonia.

Turkey’s ruling AKP has largely given up on Europe, and is now looking to improve ties with its more accessible eastern neighbors. In particular, it is working to improve energy ties with Iran and Russia. Israeli relations are already a serious point of contention domestically, in the context of the power struggle between the military and traditional secular nationalist elite and the Islamist AKP.

The serious consequences of the European Union’s foot-dragging on Turkish membership are now emerging, and even if the EU had the political will to do so, a change of heart now might be too late to bring Turkey back into the fold and renew its significance as a strong Middle East mediator and important NATO ally.

The EU’s non-response to the Greek financial crisis was also closely watched in Turkey, and it is becoming clearer that integration might not bring all that many benefits, as far as Ankara is concerned.

By. Jen Alic




Back to homepage


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News