Kurdistan’s Energy Resources Could be Defining Point of Turkey’s Foreign Policy
Jul 24, 2014 Written by Yerevan Saeed, Guest Contributor
Turkey’s trade deficit is growing from its lack of oil and gas, which is largely imported (over 90 percent) from Russia and Iran. The latest figures show that value of energy imported to Turkey in 2013 reached $55.9 billion, which makes up about 22.2 percent of the total imports and about 56 percent of the total trade deficit of the country. Were Turkey to find alternative energy sources, it could substantially slash its energy bills.
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