Turkey SANCTIONED Israel - No Oil for Israel
#erdoğan #israelpalestineconflict #turkey #israel
At the G20 leaders’ summit in New Delhi, where the Turkey-adjacent corridor was unveiled, Turkish President Recep Tayyip Erdogan gave a speech.
Plans for a different trade route to the India-Middle East-Europe Corridor, which the US and EU agreed upon during the G20 meeting in New Delhi earlier this month, have been unveiled by Turkish President Erdogan.
The United Arab Emirates, Jordan, Israel, and Saudi Arabia will all be connected by rail through IMEC, which the US and EU claim will completely avoid Turkey and instead travel via sea to Europe and India.
It is a counterpoint to China’s Belt and Road Initiative, according to analysts. On the other hand, Ankara sees IMEC as a challenge to Turkey’s long-standing pivotal position in the transportation of products between Europe and Asia.
Erdogan threatened to “break ways with the EU“ when he declared that “there can be no corridor without Turkey.“
Erdogan’s alternate route depends in large part on appropriating Iraq’s Development Road initiative. In order to establish a transit route into Turkey from the Great Faw Port in the oil-rich Basra district of southern Iraq, Foreign Minister Hakan Fidan stated that “intense negotiations“ were in progress with Iraq, the United Arab Emirates, and Qatar.
Turkish-Iraqi building gets underway
In Basra, work on the $17 billion Development Road has already begun.
The project, which was designed by the Italian firm Progetti Europa & Global, will build road and rail networks that connect Grand Faw Port to the cities of Diwaniyah, Najaf, Karbala, Baghdad, and Mosul. From there, they will cross the Turkish border via Silopi and continue on to Europe. Additionally, it is expected to give Iraq access to Turkey’s Mediterranean coast and Mersin Port.
The Deputy Governor of Mosul stated, “Iraqi enterprises cannot manage this big project alone.“ Rifat Semmo stated to the Anadolu Ajansi news agency in Turkey. “For this project, Iraq needs international corporations, and the closest nation to Mosul is Turkey.“ We require Turkish businesses.
In 2022, Elkon, a company based in Istanbul, accounted for the majority of foreign direct investment made by Turkish businesses into Iraq. According to Global Data research, the manufacturing company established three new concrete batching units in Baghdad, Kut, and Al Diwaniyah.
Baghdad anticipates that Erdogan would expand on the $5 billion he promised to support Iraq’s post-ISIS reconstruction during a 2018 summit in Kuwait when work on the Development Road project picks up speed.
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