Dubai, UAE | September 22, 2025 — Oilmar DMCC, a leading global marine fuels trading and tanker operating company, has issued an official statement addressing recent developments concerning its Ultimate Beneficial Owner (UBO) and related media coverage.
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Proactive Measures
In response to the situation, Oilmar’s management has taken immediate and proactive steps to safeguard the Company’s operations and ensure continuity. As part of this, the Company has initiated a management-led process to acquire 100% of Oilmar DMCC’s shares. The buy-out is actively underway and is expected to be finalized in the coming days.
“This strategic move aims to ensure the continuity of our operations and protect the business from any potential disruption during the investigation period,” the Company said in its official statement
Commitment to Integrity
Founded in 2015 and now celebrating over a decade of service, Oilmar has consistently operated with high standards of ethics, compliance, and operational excellence. The Company reiterated its ongoing commitment to these values and assured stakeholders that day-to-day operations remain unaffected.
“We want to assure our stakeholders that this matter will not impact our ability to deliver high-quality services. We will continue to operate as usual, maintaining the same standards of integrity and professionalism,” the statement read.
Guidance for Stakeholders
Oilmar has also requested that all stakeholders — including employees, clients, partners, financial institutions, and media — rely exclusively on official Company communications and refrain from sharing or referencing unverified information.
The Company confirmed it will provide further updates only when information has been verified and substantiated.
Looking Ahead with Confidence
“We remain confident that this matter will be resolved swiftly. Thank you for your continued trust and support,” said Mammadov CEO of Oilmar DMCC .
About Oilmar DMCC
Founded in November 2015 and headquartered in Jumeirah Lakes Towers, Dubai, with an global presence in Greece, Turkiye, Singapore, South Korea, Switzerland, Oilmar DMCC is an integrated energy trading house with a core focus on marine fuels trading, petroleum products, chartering, and tanker operations.
- Global Operations: Active in over 60 countries
- Revenue: USD 1 billion in 2022, USD 1.37 billion in 2023
- Offices: 5+ global representative and marketing offices
- Fleet Coverage: Caspian Sea, Black Sea, Turkish ports, Mediterranean, and Europe
Oilmar is recognized for its financial strength, trading growth (averaging 10% monthly), strong credit lines, and trusted partnerships with over 200 global suppliers. Its risk management framework protects every barrel traded against price volatility, quality issues, and compliance risks.
Company Values & Leadership
Oilmar has been certified as a “Great Place to Work”, promoting an inclusive and high-performance work culture. The Company is committed to transparency, ethics, and operational excellence.
Yusif Mammadov, Chief Executive Officer, continues to lead Oilmar through its next phase of growth and strategic development.
Source Oilmar DMCC