• 4 minutes Drone attacks cause fire at two Saudi Aramco facilities, blaze now under control
  • 7 minutes China Faces Economic Collapse
  • 13 minutes Oil Production Growth In U.S. Grinds To A Halt
  • 15 minutes Iran in the world market
  • 18 minutes Ethanol, the Perfect Home Remedy for A Saudi Oil Fever
  • 2 hours USA Wants Iran War -- Shooty Shooty More
  • 3 hours Never Bring A Rapier To A Gun Fight
  • 24 mins Collateral Damage: Saudi Disruption Leaves Canada's Biggest Refinery Vulnerable
  • 6 hours Bahrain - U.S.: Signed Deal To Buy Patriot Missiles
  • 8 hours One of the fire satellite pictures showed what look like the fire hit outside the main oil complex. Like it hit storage or pipeline facility. Not big deal.
  • 3 hours USA : Attack came from 'Iranian soil'. Pompeo to release 'evidence'.
  • 6 hours Trump Will Win In 2020 And Beyond..?
  • 13 mins Yawn... Parliament Poised to Force Brexit Delay Until Jan. 31
  • 9 hours Wonders of US Shale: US Shale Benefits: The U.S. leads global petroleum and natural gas production with record growth in 2018
  • 8 hours How OPEC and OECD play their role in setting oil price in light of Iranian oil sanction ?? Does the world agree with Iran's oil sanctions ???
  • 3 hours Aramco Production
  • 6 hours Democrats and Gun Views
Alt Text

Is The Car Industry Facing A Crisis?

India’s car sales have plunged…

Alt Text

Are Oil & Gas Stocks On The Cusp Of Breakout?

Energy stocks as a whole…

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

Russia-Iran-Turkey Alliance Could Change Energy Dynamics For Good

A new strategic axis is forming in the Middle East, and this axis could play a transformative role in the region, upsetting the longstanding balance of power. Ankara has apologized to Moscow for the shooting down of a fighter plane last year. Iran and Russia have both condemned the July coup attempt in Turkey. The three countries are now negotiating a joint involvement in Syria. That’s a powerful alliance of two major oil nations, and one country that sees itself as a major energy hub.

Turkey’s turn to Moscow in the wake of the 15 July coup attempt by the military was taken by many to be an emotional or at least demonstrative gesture prompted by allegations that the U.S. was involved in the event. Ankara claimed the coup was organized by Fethullah Gulen, an exiled scholar living in the U.S.

Some Turkey experts, however, argue that this thawing of relations between Ankara and Moscow (and Tehran) and the cooling off between Europe and the U.S. is a carefully thought-out strategy.

Turkey’s resentment towards the European Union is nothing new. Erdogan has been vocal about his negative reactions to some requirements in Turkey’s EU accession process. He is also in a position to pull the strings on much of Europe’s migrant policy, and is making good use of this position. What Turkey’s President has made even better use of is the anti-Western rhetoric and the visions of a “great-again” Turkey. The former has been instrumental in diverting public attention away from a lawsuit in Italy against his son for money laundering.

Apparently, the Greater Turkey vision cannot be realized with the EU constantly demanding things from Ankara that Ankara does not want to do, such as synchronizing its anti-terrorism policies with the EU, for example. It can, however, be realized if Turkey gets on the anti-West bandwagon driven by Russia and Iran, both survivors from Western sanctions, and both having their own regional ambitions.

Turkey has already made the first step in distancing itself from its current allies, and this step was the purge Erdogan launched following the coup, which, as political scholar A. Kadir Yildirim notes, has led to the removal of almost half of the senior officers in the army, most of them pro-NATO. This is a clear sign that the country, which boasts the second-largest army in the alliance, is on a divergent course. Related: Saudis Allow Foreign Investors to Buy Aramco IPO Shares

The second step is the talks with Moscow and Tehran on a range of topics, including Syria. Back in June, straight after Erdogan apologized for the Russian plane shooting, Russia and Turkey resumed talks about the Turkish stream project, which will transport 63 billion cubic meters of natural gas annually. With Russia and Turkey acting together, Europe will have little left to do but continue to be dependent on energy coming from countries it doesn’t really like and cannot really influence in a favorable direction. Russia has the oil and the gas, and Turkey has the pipelines and the Bosphorus, where 3 percent of global oil exports pass every day.

Add to the equation Iran, with its own huge oil and gas reserves, and willing—just like Turkey—to overlook their differences in opinion on Bashar Assad, and a new picture of the Middle East emerges. A picture where Saudi Arabia’s (and its ally, the U.S.) strategic interests will no longer be the tone-setting ones in the region.

This picture, it’s worth noting, is not a given. Foreign policy is dynamic, priorities change, so the new three-way partnership is not yet sealed. If it becomes a reality, however, it can cause much headache for geopolitical planners in the West.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:




Download The Free Oilprice App Today

Back to homepage



Leave a comment
  • Ron Jeremy on August 26 2016 said:
    Axis.... Seriously.... could you at least try to veil your political views?
  • JW Norcross on August 28 2016 said:
    Great article and well stated. In a region so politically charged, it is impossible not to share at least some of one's views when writing a story. And if what she claims is true does in fact come to be, it is one more nail in the coffin of failed mid-East foreign policy for Obama and the neocons. The petro dollar is crumbling and so are America's alliances in the world's most volatile area. Even the Saudis are buying into the anti-West rhetoric. Can Hillary patch it all up? HIGHLY DOUBTFUL. You can expect the bad to get worse.

Leave a comment




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