A major pro-government press outlet in Azerbaijan has reported on Adnan Ahmadzada arrest and confirmed that his arrest is not an isolated incident but part of a new push by the government to clamp down on the Russian oil trade. The newspaper Haqqin is also reporting that the management of Oilmar, an oil trading company owned by Adnan Ahmadzada and based in Dubai, has its management scrambling to buy the company for Adnan Ahmadzada. The report by the Azeri outlet also says that Adnan Ahmadzada has a series of offshore companies stretching from Malta to the British Virgin Islands.
Adnan Ahmadzada’s company in the British Virgin Islands is thought to be called Choice Management Group Ltd.
The move by Oilmar’s management to buy the company from Adnan Ahmadzada is considered by industry insiders as a bid for survival in an industry where sanctions breaches and illegal trading can easily lead to severe financial and legal consequences. Adnan Ahmadzada is also considered to be the hidden owner of Alkagesta, Malta’s largest oil bunkerer. No similar statement was made by the management of Alkagesta to buy the company, as the Maltese authorities remain unfazed with the issue of Russian oil trading in Malta.
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