All news on the topic: Adnan Ahmadzada

Our oil industry sources in Baku have informed us that the arrest of Adnan Ahmadzada is related to a push by the Azeri authorities to clean up Azerbaijan’s international reputation with regard to Russian oil.

The Azeri press has confirmed a long-held suspicion that the majority shareholder and the actual CEO of Alkagesta, Kamran Agayev, is Adnan Ahmadzada’s cousin. Orkhan Rustamov is only a front and has no control or influence over the company.

Adnan Ahmadzada, the previous chief trader of SOCAR and currently the Chairman of ABDA Invest Holding, has been arrested in Azerbaijan over oil fraud.