What steps should Turkey take to ensure energy security over the long term?
The Middle East Energy
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Interviews & Viewpoints | OBG talks to Rövnag Abdullayev, President, SOCAR from The Report: Turkey 2013
A double pipeline that will channel oil to Jordan from Iraq is expected to play a key role in the Kingdom’s efforts to diversify and strengthen its energy sources.
Now ranked the world’s 17th biggest economy with a GDP of nearly $790bn, Turkey, the prime minister claims, will become the 10th largest in 10 years’ time. To fuel that kind of growth, the country needs energy. Situated between the hydrocarbons-rich Middle East and energy-hungry Europe, but with negligible reserves of its own, Turkey has long been viewed as a transit state. While that...
Economic update | Kuwait: Joining the shale rush
24 May 2013
Kuwait has announced it is conducting studies into the viability of extracting shale gas from recently identified reserves, although any commercial operation will likely be many years off.
At an average of 5.1% between 2003 and 2012, Turkey has experienced one of the world’s highest growth rates over the past decade. This was accompanied by drops in joblessness and poverty, as well as gains in school enrolment, home ownership and life expectancy.
Harnessing new technology to extract Jordan’s oil shale reserves could help reduce reliance on imported hydrocarbons as well as enhance energy security.