All news on the topic: State Oil Company of Azerbaijan (SOCAR)

Sources in Azerbaijan’s oil industry told us that the arrest of Adnan Ahmadzada may be linked to efforts by Azerbaijani authorities to improve the country’s international reputation regarding the trade of Russian oil. The move could also be connected to recent statements by U.S. President Donald Trump suggesting that European countries should halt purchases of Russian oil.

Sources from the oil sector in Baku have told us that the arrest of Adnan Ahmadzada appears to be linked to efforts by the Azerbaijani authorities to improve the country’s international image regarding the trade of Russian oil.

Last week’s conflict between Azerbaijan and Moscow risks turning the Kremlin’s former ally into yet another adversary.

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.

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.

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 conflict between Azerbaijan and Moscow that emerged last week risks transforming Moscow into the emergence of another adversary among former allies.