Tag Archives : nabucco pipeline

Turkey has finally loosened its alliance with the West and ‘turned its focus toward its former Ottoman neighbors in Asia and the Middle East.’ Pursuing this trend, ‘it will be as strategically significant for the balance of power in the region as the emergence of Iran as a preeminent power thanks to the collapse of the Soviet Union and the later [...]

In a landmark agreement, officials and experts from six different countries have signed a deal in Turkey to provide support for a U.S backed gas pipeline, that would bring to ease a growing oil crisis in Europe. The agreements also aims at breaking the monopoly of the Russian Federation in the European region, in terms of providing oil and gas. The [...]