SOCAR Turkey executive appointed new CEO of Nayara Energy

Russian oil giant Rosneft-backed Nayara Energy has appointed Teymur Abasguliyev as the new CEO of the company, replacing a European national who had to resign following EU sanctions on the company.

The appointment of Abasguliyev, an Azerbaijan national who is currently the chief financial officer at SOCAR Turkiye Enerji A.Ş, was confirmed by the Nayara board at its meeting on Tuesday, two sources aware of the matter said.