Monopoly capitalism in crisis As the Western capitalist system continues to expose its own ineptitude at leading an effective struggle against the Coronavirus pandemic, the worst economic crisis since the Great Depression is sinking its teeth deeper into the global economy. Severe disruptions in global supply chains are the main culprits for the economic woes of most industries, which can ...
Turkish Foreign Minister Çavuşoğlu has made today in press conference important declarations concerning the Turkish-Egyptian relations in the context of the Eastern Mediterranean. In response to the relations of Ankara and Cairo, which have been tense since 2013, Çavuşoğlu said the following: “Egypt has declared that it will conduct gas exploration activities in the Eastern Mediterranean in respect to our ...
Israel says it would only be pleased to have Turkey participate in the upcoming Eastern Mediterranean Gas Forum (East-Med Gas Forum). However, Energy Expert Sohbet Karbuz argues that in doing so, Turkey would be “knowingly outmaneuvering itself,” as participation would imply official level interaction with the Greek Cypriot Administration of Southern Cyprus (GCASC). The East-Med Gas Forum was established last ...
Turkey, which has based its economic growth on export development and made significant strides in recent years (especially during the AKP administration) has taken a strategic approach to the African continent in search of new markets. Moreover, it is seeking to expand its political, economic and commercial presence on the continent. Turkey, as a country that has a positive outlook ...
The main cause of the dramatic shifts in the Eastern Mediterranean and Middle East Interview with Assoc. Prof. Volkan Özdemir, Director of ATA Platform (www.ataplatform.org) Tectonic changes in the international system have been taking place across the Middle East and this intense period of transition is showing no signs of slowing down. Thanks to shifts in economic wealth from the Atlantic to ...
Vladimir Putin made his way to Saudi Arabia twelve years after his first trip to Saudi Arabia. In recent years, Russia has been able to improve its economy by not only utilizing energy exports, but also gradually increasing its power resources, demanding a greater role in regional and global equations. Foreign Minister Adel al-Jabir says in the shadow of Saudi ...
Nord Stream II: Europe – Russia Cooperation In April 2017, five European companies and the Russian State Oil Company, Gazprom, signed an Earth shaking €9.5 billion agreement. It was a vow to finance the expansion of the Nord Stream gas pipeline into Europe, providing dirt cheap natural gas to the continent – courtesy of Vladimir Putin. At the ...
The US’ withdrawal from the JCPOA and declaration of a new set of sanctions has been hard to swallow for those planning Iran’s energy sector, as they had been relying on the deal as a means of revivifying Iran’s oil and gas production capacity. These new sanctions are set to be implemented against Iran’s oil and gas sector on November ...