The latest resurgence of the Middle East conflict can be framed in an already uncertain global scenario, where heightened geopolitical risks for commodity markets are related to structural energy security issues.
Increasing security threats and a lack of coordination between European states proved the need to establish a new platform to discuss strategic issues and maintain high-level dialogue between heads of states. It gave a new impetus to the old ideas of Great Europe that were developed in France, namely by Francois Mitterand. Emmanuel Macron has brought this idea back by proposing a European Political Community, which has faced a lot of criticism already. Even so, it can have some substantial benefits for European politics and contribute to shaping the European security order.
On the 14th of September, Ursula Von der Leyen spoke in front of the European Parliament to deliver 2022’s State of the Union speech. The President of the Commission was accompanied by the guest of honour for the evening, Mrs. Olona Zelenska. It has been 8 months since the beginning of the Ukrainian war, which has prompted an energy crisis, stark inflation and interruptions in supply-chains across Europe as a spillover effect, among other consequences.
Iraqi Kurdistan’s Prime Minister is convinced that his region can become one of Europe’s main energy suppliers in the near future.
This article takes an in depth look at the opportunities and challenges facing Iraqi Kurdistan’s plans of becoming a global energy exporter, in order to determine their feasability.
