Turkey Ups The Stakes: Eyes Gas Increases From Russia & KRG Oil Sales

Turkey this week underlined its status as a growing energy consumer and emerging transit hub by striking an agreement to increase gas supplies from Russia and reinvigorating the stalled process of selling oil from Iraqi Kurdistan.

Ankara and Moscow have agreed in principle to increase the capacity of the Blue Stream pipeline, which takes gas from Russia to Turkey via the Black Sea, from 16 billion cubic...