SOCAR vs Oilmar: How Small Offshore Traders Made $1 Billion While a State-Owned Giant Reports $500 Million Profit”. – EURO ASIA NEWS INTERNET NEWSPAPER

SOCAR vs Oilmar: How Small Offshore Traders Made $1 Billion While a State-Owned Giant Reports $500 Million Profit”.

In the wake of Adnan Ahmadzade’s arrest, all shares of “Oilmar Shipping and Chartering DMCC”, a UAE-based company linked to him, were acquired by the company’s CEO Yusif Mammadov. However, this move does not absolve him from legal accountability. Yusif Mammadov must explain before investigative authorities how Oilmar DMCC generated over 1 billion USD in … Continue reading SOCAR vs Oilmar: How Small Offshore Traders Made $1 Billion While a State-Owned Giant Reports $500 Million Profit”.