Socar Trading appoints Natig Mustafayev as chief executive

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.

N.Tebrizli