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Headlines

Socar Trading appoints Natig Mustafayev as chief executive

Published by Global Banking & Finance Review

Posted on April 7, 2025

1 min read

· Last updated: April 7, 2025

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Socar Trading Appoints New CEO Natig Mustafayev

LONDON (Reuters) - Natig Mustafayev has been appointed chief executive of Azeri oil and gas group Socar's Swiss trading subsidiary, Socar Trading, the state-owned Azeri company said on Monday.

Mustafayev took up the position on Monday, replacing Mariam Almaszade, who has been in the role since 2018.

Almaszade will now move to a senior advisory role at parent Socar Group.

Mustafayev joined Socar Trading in September 2024 as the company's chief commercial strategy officer, and previously worked at Credit Suisse and U.S. asset manager Barings.

"We are committed to expanding SOCAR Trading's global footprint and diversifying our portfolio across both products and geographies," Mustafayev said in the company's statement.

(Reporting by Robert Harvey; Editing by David Goodman and David Evans)

Key Takeaways

Natig Mustafayev appointed as CEO of Socar Trading.
Mustafayev replaces Mariam Almaszade, who served since 2018.
Almaszade transitions to a senior advisory role at Socar Group.
Mustafayev joined Socar Trading in 2024 as chief commercial strategy officer.
Socar Trading aims to expand globally and diversify its portfolio.

Frequently Asked Questions

What is the main topic?

The main topic is the appointment of Natig Mustafayev as the new CEO of Socar Trading, a subsidiary of the Azeri oil and gas group Socar.

Who did Natig Mustafayev replace?

Natig Mustafayev replaced Mariam Almaszade, who had been in the role since 2018.

What are Mustafayev's goals as CEO?

Mustafayev aims to expand Socar Trading's global footprint and diversify its portfolio across products and geographies.

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