Kumbaroğlu: Situation in Middle East Heading Toward Stabilization

06.04.2017

Gürkan Kumbaroğlu, Professor of Engineering Economics, director, founder and chairman of the Turkish Association for Energy Economics at Boğaziçi University, talks about the political situation in the Middle East and possible consequences for the energy markets.

According to Kumbaroğlu, the current situation is heading toward stabilization despite alarming trends and overall unpredictability. For example, the Russian oil giant Rosneft recently signed an agreement with the Kurdish Regional Government in Iraq, while KRG President Masoud Barzani visited Turkey in the same week and had a productive meeting with President Erdogan, despite the extremely difficult situation in the region.