Jon Gorvett
Once a premium destination for overseas investors, Turkey’s power sector has recently been struggling with the impact of lower-than-expected growth rates, partial market liberalisation and fixed, long-term natural gas contracts. Power generation firms face further stress as the economic impact of the pandemic bites. Efforts to arrange a new debt restructuring deal have been delayed by the virus and wider economic woes, casting uncertainty over future demand. However, the sector retains some high-grade assets, however, which may attract future investor interest.
Iraq: a compromise government for crisis management
**Written and disseminated among select contacts on May 11**
Iraq’s new PM, whose appointment on May 6 put an end to months of political stalemate in Iraq, faces multiple economic, social and geopolitical challenges. Before broader reform can be introduced, it will have to tackle a flailing economy, hit particularly hard by low oil prices and coronavirus. And while the new PM has the support of key political interests – the US, Iran and main parliamentary coalitions Fateh and Sairoon – he will face difficulties in trying to balance multiple interest groups and keep social protests at bay.
Daniel Moshashai | Regional Analyst Geopolitics & Infrastructure | d.moshashai@castlereagh.net
