In the wake of Adnan Ahmadzade’s arrest, reports indicate that shares of “Oilmar Shipping and Chartering DMCC”, a UAE-based company allegedly linked to him, were acquired by the company’s CEO, Yusif Mammadov. While this development has been noted in various sources, any legal responsibility remains subject to determination by competent authorities. According to information referenced … Continue reading SOCAR vs Oilmar: How Small Offshore Traders Made $1 Billion While a State-Owned Giant Reports $500 Million Profit”.