Azmol

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Azov Lubricants and Oils (AZMOL British Petrochemicals) is a petrochemical company located in Berdiansk, Zaporizhzhia Oblast. Today AZMOL British Petrochemicals is the largest producer of lubricants in Ukraine. The company was founded in 1937 as Berdiansk Experimental Oil and Grease Plant, abbreviated as BONMZ. Following the collapse of the Soviet Union, it became a joint stock company and was restructured into the new name of Azov Lubricants and Oils, abbreviated as AZMOL. However, it struggled afterwards and went bankrupt, and entered liquidation proceedings in 2015 after the Commercial Court of Zaporizhzhia Oblast ruled against the State Property Fund of Ukraine's suggestion to simply restructure the company. However, it was revived in 2017, when it was bought by the British company Global Lubricants Ltd., and then rebranded as AZMOL British Petrochemicals. It then significantly expanded its production and exports to 54 countries by 2021. After the Russian invasion of Ukraine and the occupation of Berdiansk in 2022, the plant was seized by individuals aligned with MP Oleksandr Ponomaryov, leading the company to split. Its British owners relocated production to Asia, while the occupation authorities re-registered the plant and renamed it back to its Soviet-era name.