The Making of Kurdistan: Oil, Investment and a Turkish Gamble

By Jen Alic,

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As tensions rise among Iraqi Kurds in the country's north, Sunnis in the south and the Shi'ite-led government in Baghdad over the distribution of natural resources, Turkey is setting its sights on an unconventional alliance with the Kurdistan Regional Government ( KRG ).

This is a gamble Ankara is willing to take, despite the potential implications it could have for Kurds on its own territory. Indeed, as recently as 2009, Ankara had a very different view on the KRG, going as far as to label its leader, Masoud Barzani, a "bandit" who was turning a blind eye (at best) to Kurdish militants using Northern Iraq as a base to launch cross-border attacks on Turkey. The Kurdistan Workers Party ( PKK ) has been fighting the Turkish government for more rights for decades.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing Commodities
Referenced Stocks: KRG , PKK

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