Article length: 977 words
At Erdogan’s mercy, Iraqi Kurds await the Sultan’s wrath
Iraqi Kurds have a strong proclivity for placing all their eggs in one basket and putting their faith in foreign backers. In commercial terms, they placed all their hopes with US oil giant ExxonMobil in the past and are now falling just as deeply in love with Russia’s Rosneft, which is building a 30bcm/yr gas pipeline to Turkey. In the diplomatic sphere, the Kurds rejoined the federal Iraq project in 2003 on the basis of American guarantees, before adopting Turkey as their new backer after 2008.
Credit value: 12