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.
Al Zurfi’s nomination as Iraq PM first step to ending political deadlock
**Written and disseminated to select contacts on March 18, 2020**
PM-designate Adnan Al Zurfi has until mid-April to form a cabinet and gain parliamentary approval. If successful, Iraq could form a new parliament by 2021, paving the way for greater pushback against Iranian influence in the country. In the meantime, there is a risk alienated militias will step up attacks on coalition forces and Iraq’s security apparatus.
Daniel Moshashai | Regional Analyst – Geopolitics & Infrastructure | d.moshashai@castlereagh.net
