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The Togliattiazot Affair
The Togliattiazot Affair is a series of events connected to criminal proceedings against the owners and executives of the Russian firm Togliattiazot (Toaz) and their foreign partners. The case spanned 14 years, from 2005 to 2019, and resulted in the owners and executives receiving prison sentences of between 8.5 and 9 years. The activity of the involved parties was described as "a threat to ussia’seconomic activity" by the Chairman of the Investigative Committee of the Russian Federation, Alexander Bastrykin. Togliattiazot is the largest ammonia producer in Russia, with an estimated global market share of 7.6%. Case background Privatization of Togliattiazot and Transammiak pipeline In 1985, Vladimir Nikolaevich Makhlai was appointed director of Toaz Industrial Group in Togliatti. The plant was built according to the project and with the money of American businessman Armand Hammer and his company Oxydental Petroleum. The production was export-oriented and connected ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
TogliattiAzot
TogliattiAzot (russian: ТольяттиАзот) is a Russian chemical company that has been described as the world's largest ammonia producer. It is headquartered in Tolyatti, Russia. The main ammonia plant in Tolyatti was constructed as a joint project of the Soviet Government and Armand Hammer. TogliattiAzot started operations in 1979. The Tolyatti-Odessa ammonia pipeline, the longest ammonia pipeline in the world, is operated by Transammiak. A marine ammonia terminal is under construction at Port Taman near Taman, Russia. Following the severe financial difficulties experienced during the past 10 years by the city's other major employer, AvtoVAZ, TogliattiAzot has been responsible for providing most of the services and social programs to Tolyatti, a city of 720,000 inhabitants. TogliattiAzot is one of the largest taxpayers in the Samara region. History Construction on the first TogliattiAzot nitrogen plant commenced in 1974. The factory and plant were commissioned as par ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |