• 4 minutes Pompeo: Aramco Attacks Are An "Act Of War" By Iran
  • 7 minutes Who Really Benefits From The "Iran Attacked Saudi Arabia" Narrative?
  • 11 minutes Trump Will Win In 2020
  • 15 minutes Experts review Saudi damage photos. Say Said is need to do a lot of explaining.
  • 14 hours Iran Vows Major War Even If US Conducts "Limited Strikes"
  • 9 mins Ethanol, the Perfect Home Remedy for A Saudi Oil Fever
  • 12 hours Europe: The Cracks Are Beginning To Show
  • 2 hours Hong Kong protesters appeal to Trump for support.
  • 13 hours Memorize date 05/15/2018 cause Huawei ban is the most important single event in world history after 9/11/2001.
  • 9 hours Ban Fracking? What in the World Are Democrats Thinking?
  • 3 hours Millennials: A boil on the butt of the work ethic
  • 27 mins A little something for all you Offshore swabbies
  • 11 hours When Trying To Be Objective About Ethanol, Don't Include Big Oil Lies To Balance The Argument
  • 13 hours LA Times: Vote Trump out in 2020 to Prevent Climate Apocalypse
  • 4 hours Shale profitability
  • 2 hours US and China are already in a full economic war and this battle for global hegemony is a little bit frightening
  • 4 hours Saudi State-of-Art Defense System looking the wrong way. MBS must fire Defense Minister. Oh, MBS is Defense Minister. Forget about it.
  • 22 hours Yawn... Parliament Poised to Force Brexit Delay Until Jan. 31
  • 9 hours Let's shut down dissent like The Conversation in Australia
Alt Text

Houthis Threaten More Attacks In The Middle East

The Houthi rebels have threatened…

Alt Text

Is Libya Facing A New Oil Crisis?

Libya’s NOC condemned the setting…

Alt Text

Oil Wealth Could Fund Free Education In This State

Money from New Mexico’s general…

Irina Slav

Irina Slav

Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.

More Info

Premium Content

Energy Is The Reason Europe Is Still Backing Erdogan

A lot of people in Europe are wondering why political leaders on the continent seem to be ready to agree with whatever Turkish President Recep Tayyip Erdogan says, and do anything he demands. Many resent Erdogan’s hand-twisting approach to the migrant crisis and worry about Turkey turning into a dictatorship, plain and simple.

Now, the attempted coup by the Turkish military over the weekend has become the latest event to highlight Turkey’s major role in the global energy market and the implications of any political shakeup in the country for this same market.

The Bosphorus is where around 3 percent of daily global crude oil shipments pass, or some 3 million barrels. This may not be a lot in percentage terms, but for Europe it accounts for well over a quarter of its total crude oil imports. Europe imported 1.559 billion barrels from the former Soviet Union last year, or an average of 4 million barrels daily, according to European Commission figures.

Besides the Bosphorus, Turkey is also home to two pipelines for Caspian and Iraqi crude, as well as the Southern Gas Corridor, which should provide Europe with an alternative source of natural gas in hopes of undermining the leading position of Russia’s Gazprom on the European market.

There is also the Ceyhan port, Turkey’s main crude export terminal. This is where the two pipelines from Azerbaijan and Iraq end up, and this is also allegedly where a lot of ISIS oil ends up. In short, Turkey is already a major hub for oil and gas coming from the Middle East and Central Asia, and its importance in this respect will only grow as new projects—especially gas projects—come online.

Then there is the Syrian war, and Turkey’s vested interest in it in light of plans for a pipeline that would carry gas from Qatar to Turkey, and from there, on to Europe. This pipeline would serve the geopolitical interests of Saudi Arabia, helping it to get the upper hand over Iran, which, now that most of the economic sanctions against it have been lifted, is eager to return to the global energy market. It would also, some would argue, serve U.S. geopolitical interests by once again undermining Russia’s dominance as gas supplier to the European continent. Related: Why Oil Prices Might Never Recover

These geopolitical interests largely overlap with European ones. The European Union (EU) has made it abundantly clear that it wants a variety of energy supply sources. Natural gas is especially important as a cleaner and cheaper alternative to crude. Europe will need more gas in the years to come, and it doesn’t want it to come from Russia—or at least not so much of it.

This is why Europe is tip-toeing around Erdogan; and this is why European leaders seem to dance to any tune Ankara’s boss plays. That’s also why European leaders were not too enthusiastic when the attempted coup failed, despite official declarations in support of Erdogan’s government. They did have enough dignity left to warn him to watch himself when dealing with the coup plotters; yet one cannot help but ask: what is Europe going to do if Erdogan decides to re-introduce the death penalty, especially for them? What is it going to do if he uses the coup to further curb civil rights and cement himself at the helm? Refuse to admit Turkey into the European Union? Not a big deal as far as Erdogan and his vision of a new imperial Turkey that dominates the region are concerned.

Erdogan will in all likelihood be the new master of the European gas tap. It’s ironic how democratic Europe seems to be forever dependent on dictators for its energy, at least until it goes fully renewable, which is not going to happen any time soon.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:




Download The Free Oilprice App Today

Back to homepage



Leave a comment
  • Amvet on July 19 2016 said:
    Clearly the Turkish government already had made the arrest and dismiss lists before the coup.
    (1) A dismiss list with over 8,000 police.
    (2) A dismiss list with 2,745 judges and prosecutors.
    (3) A list to arrest over 9,000 including the commanding general of a NATO airbase.

    The government was prepared.
    Did they know about the coup in advance??
    Did the government do the coup ??
  • Moze Ramsey on July 25 2016 said:
    It is kind of ironic the writer mentions about democracy while supporting a military coup against democratically elected government.

    Erdogan is well-loved by his people. He brought Turkey economy from bad shape to one of the best in their times. Look at Turkey Airlines.

    While the writer is biased on Erdogan's values and ethics, she should take a look at Belarus.

    My 2 cents: Go to Turkey, ask every common people what do they think about Erdogan, forget all the bias about dictatorship etc. Chances are they will say the love him for what he done so far.

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play