Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
Authorities launched a tax audit targeting Cengiz Holding, a prominent pro-government conglomerate, but the decision to move the case from Istanbul to Ankara has raised questions. The group is also facing fierce environmental backlash over its partnership in the COP31 climate summit.
Saudi Aramco executives have inspected fuel facilities across Turkey owned by military pension fund OYAK, signaling advanced partnership talks to enter the retail fuel market.
President Recep Tayyip Erdoğan and Russian President Vladimir Putin met on the sidelines of the Shanghai Cooperation Organization summit in Bishkek and signaled a new nuclear partnership as the Akkuyu Nuclear Power Plant nears operations.
Saudi oil giant Saudi Aramco is in talks with OYAK Group, the country’s largest private pension fund, over a possible partnership involving one of Turkey’s biggest fuel distribution networks, according to journalist Olcay Aydilek.
Excluding their early courtship phase, the AKP and MHP have now completed seven years of formal partnership. In their partnership, branded the “People’s Alliance,” the two parties have gone through five electoral contests — one referendum, two general elections, and two local elections. Like any relationship, this one has had its ups and downs. Many of the rifts that the public interpreted as “cracks” or “crises” within the alliance were quickly smoothed over through mutual statements. But, the crisis of the past two weeks has been among the deepest since the alliance was formed.
For the past decade, Turkey’s Africa policy has favored partnership — co-designed projects, capacity building, and trade — over extractive habits associated with colonial legacies. Two countries once written off as “failed states,” Somalia and Burkina Faso, illustrate this shift. Both are edging back toward firmer state capacity under locally led agendas, with Turkey positioned as a security and development partner rather than a patron.
After a decision to terminate the 1973 crude oil pipeline agreement with Iraq as of July 27, 2026, Turkey started negotiations with the Iraqi central government for a more comprehensive agreement on the transportation of Iraqi oil. The move is not a withdrawal from the partnership but a strategic reset. Under the 1973 agreement and its supplementary protocols, either party must notify the other at least one year before expiry if it intends to terminate the deal. If no such notice is given, the contract automatically renews for five years. Turkey has now officially informed Iraq of its intent to withdraw, preventing automatic renewal and opening space for renegotiation.
Only some people, apart from the experts and those involved with the energy sector, are aware that Turkey has quietly joined the Minerals Security Partnership (MSP), a Western cooperation platform on essential minerals. Critical minerals have become the new frontline of the rivalry between China and the US. China has a global monopoly on the production (70%) and processing (90%) of rare-earth elements (REEs).