Alkagesta buys Istanbul bunker supplier Energy Petrol, gaining its first vessels
What's the deal? AlkagestaDealroom has a profile for this one. Try Dealroom →, the Malta-headquartered energy and commodity trading house, has completed its acquisition of Energy Petrol, an Istanbul-based marine fuel supplier, following the transfer of shares in November 2026. Financial terms were not disclosed. The deal, first announced in October and cleared by the Turkish Competition Authority, marks Alkagesta's first move into vessel ownership.
What's included? Founded in 1997, Energy Petrol is the third-largest physical marine fuel supplier in the port of Istanbul. The acquisition brings eight bunkering vessels and a long-term lease of 28,000m³ of tank capacity at the Altıntel terminal in Gebze, raising Alkagesta's total oil products storage to around 728,000m³.
Why now? Alkagesta traded 4.9 million tonnes in the first half of 2026, up 53% year on year, but had until now chartered rather than owned tonnage. It had been a wholesale supplier to Energy Petrol for several years and won a competitive sale process against other trading houses and industry majors.
What's the endgame? The deal shifts Alkagesta beyond trading and chartered shipping toward owned delivery assets in a Turkish market of roughly 2.5 million tonnes a year. It follows the company's expansion of bunkering activity in Singapore and Romania. Energy Petrol will keep its brand and local team.
Who's running it? Alkagesta named Taha Karakan managing director of marine fuels distribution for Türkiye. He joined in October 2024 from Bunker Holding, the world's largest marine fuel trader. Aydın Yıldız, previously head of marine sales at Petrol OfisiDealroom has a profile for this one. Try Dealroom → — the national leader with a 39.2% share in 2025 — becomes marine sales director.
What did they say? Asad Huseynov, Alkagesta's managing director of investments and asset management, said the deal reflects "a fundamental shift in commodity markets toward greater asset depth and sustainable business model over the long-term."
The signal: Traders are buying physical infrastructure. Alkagesta's move from chartered tonnage to owned vessels and terminal capacity signals a broader push by commodity houses to control delivery, not just volumes.
Read more: openpr.com
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