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Global Energy Advisory 23rd December 2016

Putin

Politics, Geopolitics & Conflict

• The murder of Russia’s Ambassador to Turkey Andrey Karlov has sparked worry that relations between the two countries will hit a downward spiral once again. Karlov was killed by an off-duty policeman who was later shot down by police. Despite the fresh concerns for bilateral relations, both Turkey’s President Erdogan and his Russian counterpart Putin have declared that the assassination was an attempt to drive a wedge between the two. The assassin shouted “Don't forget Aleppo! Don't forget Syria!” according to media, which suggested the provocation, as Erdogan and Putin called it, had something to do with the two countries’ different stances on the conflict in Syria, where Russia is helping the Assad army while Turkey is backing some of the rebel groups, and prior to this latest staged détente, had been accused by Russia of supporting ISIS.

• The Democratic Republic of Congo is on the brink of civil chaos as President Joseph Kabila has refused to step down despite the expiration of his mandate this Monday. Protests ensued, with protesters burning down the HQ of the ruling party in the capital Kinshasa. As many as 26 people were killed by police, according to Human Rights Watch. The DRC produced 20,000 barrels of crude daily back in 2014 but has potentially significant untapped reserves in its portion of Lake Albert.

• India’s Prime Minister, Narendra Modi, has…

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