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Global Energy Advisory June 17th 2016

Politics, Geopolitics & Conflict

• Unknown gunmen attacked two Iranian cargo trailers in Turkey's southeastern region on Wednesday night, setting fire to the trucks, according to Iranian officials.

• The Kurdistan Regional Government’s (KRG) recent statements that the Iraqi Kurds would resume joint exports if the Iraqi central government would guarantee it $1 billion in revenues a month, is being considered in Baghdad as nothing more than a publicity stunt as the the Kurds gear up for an independence referendum. Baghdad says no new deals are being discussed between Erbil and the central government.

• Nigerian media reports began to emerge late last week and earlier this week to the effect that the newly emerged militants attacking oil installations in the Niger Delta are actually of Somali origin. Oilprice.com sources on the ground in the area confirm absolutely that the militants are not of Somali origin and that the militancy is strictly local. The Niger Delta Avengers on Thursday claimed responsibility for another attack on a state-run oil pipeline. The government’s alleged efforts at peace talks are not viewed as genuine in the Niger Delta, and we expect the attacks to continue and even to intensify in the very new future.

• With the support of Russian air strikes, the Syrian Arab Army claims to have liberated two strategic targets from ISIS that return control of oil and gas reserves in the east Homs region to…

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