– Turkey and Iraq:
Turkey is selling oil from the Kurds through its Ceyhan port
Iraq seeking talks with Turkish government to try and shut that down
Iraq wants to sell Kirkuk’s oil to Iran
Destroyed Iraqi oil infrastructure
Ran its own fairly sophisticated oil industry
Targeted airstrikes took out most of ISIS “dark” oil industry
– Saudi-Russia oil deal
Traditionally Saudi Arabia and Russia have not been allies
Saudi Arabia and Russia are on opposing sides in Syria, definitely in Iran
But they are close in energy deals – signed big LNG deal and Russian interests
hoping to invest in Aramco IPO
Russia and Saudi Arabia are supplying most of China’s crude oil
– Egypt and Israel
History of war
“Cold” Peace – not much economic cooperation
Egypt just signed a big natural gas deal with Israeli companies to provide Egypt
with natural gas
Business is leading diplomacy…
– Will Chinese firm come in and take over from PDVSA?
– Would someone else come in? Curacao wants a company that will make improvements to refinery – potential opportunity for foreign companies?
– Would that hurt Maduro?