Investment in the general growth and development of our staff is a key priority for our Senior Management.

We focus on developing Employees' potential and skills to achieve our business goals.

LITASCO's mission is to add value to LUKOIL's assets and profit through trading excellence.


Chief Executive Officer "LITASCO SA"


Year of birth: 1965


1988 Engineering degree in petrochemical engineering from D. Mendeleev University of Chemical Technology of Russia

2006 Ph.D. in Economics and Finance from FINEC (Saint Petersburg State University of Economics).


Nazim SULEYMANOV began his career in 1988 at Baku Oil Refinery in Azerbaijan, where he held various positions including Engineer, Engineer of Export Department, Head of Export Group, and Deputy Commercial Director.

From 1993 to 1997, he served as Head of Foreign Economic Relations Department at SOCAR, the State Oil Company of Azerbaijan.

In 1997, he joined LUKOIL as an Advisor to the Company CEO at LUKOIL International Ltd in Geneva.

In 2000, he was appointed as General Manager of LUK-Sintez Oil Ltd Refinery in Odessa, Ukraine.

From 2001 to 2002, he was the General Director at LUKOIL-Bosphorus Ltd, Turkey.

Nazim SULEYMANOV joined the LITASCO Group in October 2002, as Director of Trading and Supply in the LITASCO SA Representative Office in Moscow.

From 2003 to 2006, he was appointed as Deputy Director General at LITASCO SA’s headquarters in Geneva.

In 2006, he held the position of General Director of Teboil Ab (LUKOIL Group) in Finland.

He relocated to the Czech Republic in 2007 to take on the management position of Executive Director, Head of Central and Eastern Europe and Belgium, at LUKOIL Czech Republic, Sro, leading the Central and Eastern Europe organizations, guiding the development and application of the business strategy.

In 2008, he became a Member of the Board of Directors of ISAB Srl, and President of ISAB Srl, in Italy.

From 2009 to 2011, he joined LUKOIL Italia Srl, as the Managing Director. In this position he headed the Mediterranean Cluster (Italy, Croatia, Cyprus, Montenegro, Bosnia), guiding the development and application of the business strategy.

Nazim SULEYMANOV returned to LITASCO SA in Geneva in 2011, and was appointed as the Director of Refining, responsible for the strategic development on optimization of oil refining operations at ISAB and ZEELAND refineries.

He participated in key meetings of ISAB and ZEELAND refineries’ advisory bodies and ensured the cooperation with PJSC LUKOIL on operations planning.

Immediately prior to becoming CEO, Nazim SULEYMANOV served as Managing Director for LITASCO SA, since June 1st, 2015.

On April 11th, 2018, Nazim SULEYMANOV was appointed to the position of CEO of the LITASCO Group.

Non-Executive responsibilities:

  • Member of the Board of Directors of LITASCO SA
  • Member of Supervisory Board of Zeeland NV Refinery


  • 2020 - Honoured Oil Worker from the Russian Federation Ministry of Energy
  • 2019 - Gratitude Letter of PJSC LUKOIL
  • 2015 - Letter of Honour of PJSC LUKOIL
  • 2011 - Commendation of PJSC LUKOIL
  • 2010 - Letter of Honour of Ministry of Energy of Russian Federation
  • 2007 - Honorary Medal of the Union of Oil & Gas Producers of Russian Federation