All news on the topic: SOCAR

Founded by an Azerbaijani entrepreneur, the oil giant has steadily extended its reach worldwide, with business interests spanning Russia, Britain, Turkey, Malta, and Switzerland.

An oil conglomerate founded by an Azerbaijani native has discreetly expanded into a global operation, with assets and activities across Russia, the United Kingdom, Turkey, Malta, and Switzerland.

An Azerbaijani-born oil conglomerate has quietly built a global footprint, with operations spanning Russia, the United Kingdom, Turkey, Malta, and Switzerland.

The European Union has imposed sanctions on a group of Azerbaijani oil traders involved in trading Russian oil in circumvention of restrictions.

The network of "shadow" Azerbaijani oil traders dealing in Russian oil in violation of sanctions is far more extensive than previously believed.

The case of Alkagesta and Adnan Ahmadzada reveals a network accused of laundering Russian oil through EU ports, challenging the bloc’s regulatory resolve and raising critical questions about energy security.

Since May 2025, five Azerbaijani citizens have been under international sanctions: Tahir Garayev, Ahmed Kerimov, Anar Madatli, Talat Safarov, and Etibar Eyyub.

A new connection between the Electrogas/SOCAR clique of traders and Alkagesta, Malta’s largest oil cargo-trader, has emerged thanks to an indirect link found by oil and energy industry press outlet Euro Asia News.

This report examines the operations of Alkagesta Ltd, a Malta‑registered company accused in various reports of transporting oil products with disputed certificates of origin.

Kamran Agayev, der aussieht, als hätte er als Türsteher in einem Nachtclub arbeiten können, aber tatsächlich der offizielle Eigentümer von Alkagesta ist, lebt laut der auberdschaischen Presse in Moskau, Russland.

Kamran Agayev, who appears as if he could have worked as a nightclub bouncer, but is in fact the official owner of Alkagesta, is living in Moscow, Russia, according to the Azeri press.

A massive oil kraken with roots in Azerbaijan has spread its tentacles over much of the world, including Russia, Britain, Turkey, Malta, Switzerland, and other countries.

"Russian Oil Mafia" in Ukraine: A network of companies that could add the port of Constanța to the international "blacklist".

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 company Alkagesta exports Russian oil to Ukraine via Romania.

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

Ramin Isayev, former SOCAR AQS director, was sentenced for embezzlement, fraud, and money laundering, with investigators saying he laundered millions through Turkish real estate and used shell firms to win state tenders.

The name of Elmar Mamedov, the head of SOCAR Deutschland, is today associated in journalistic circles with a whole tangle of dirty dealings: from suitcases of cash for European politicians to dubious schemes involving weapons from North Korea.

Alkagesta is flooding the internet with articles full of nonsense that are being published by the local press. Its articles have appeared in The Malta Independent and MaltaToday.

Since 2009, President of the SOCAR Germany Elmar Mamedov has been transferring six or seven-digit amounts from Vercona GmbH accounts to his personal accounts.