All news on the topic: SOCAR Trading

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

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

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.

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