Mumbai, Maharashtra, India, August 2025 — Teymur Abasguliyev has been named Chief Executive Officer of Nayara Energy, with his appointment becoming effective in September 2025. His elevation underscores the company’s intent to reinforce leadership stability and operational excellence during a period of evolving global challenges.
With over two decades of global leadership experience in the energy sector, Teymur was most recently the Chief Financial Officer at SOCAR Türkiye, the $17 billion investment arm of the State Oil Company of Azerbaijan Republic (SOCAR). In this role since 2013, he led major initiatives including strategic acquisitions, large-scale financings, and corporate restructuring. Notably, he was instrumental in delivering the $7 billion STAR Refinery project and optimizing operations across refining, petrochemicals, gas distribution, and infrastructure.
Teymur also held influential positions as Chairman of SOCAR Terminal and Board Member at Petkim and TANAP Natural Gas Transmission Company, where he drove operational transformation, revenue growth, and infrastructure development. Earlier in his career, he served as a Partner at PwC, where he gained deep expertise in finance, audit, and governance—foundational for his later leadership in large-scale energy enterprises.
At Nayara Energy, Teymur’s leadership will drive sustainable growth, operational rigour, and strategic value creation across global markets—reinforcing the company’s position in the energy value chain.
About Nayara Energy
Nayara Energy is an international energy company with a strong presence across refining, production, marketing, and retail. Supported by a team of over 3,500 professionals, Nayara empowers India’s energy sector with a robust network that ensures delivery of quality petroleum products while driving tomorrow’s potential, today.
Read Also : When HR “Produces Nothing”: A Response to Jennifer Sey’s Anti-HR Vision
The Fine Balance: Navigating Work, Life, and Mental Wellbeing
Mind the Leadership Gap – From Learning to Real-World Impact
How the Adecco Group is empowering its employees for the future of work
