Alkagesta acquires Turkish marine fuel distributor Energy Petrol

Alkagesta has reached an agreement to purchase the Turkish marine fuel distributor Energy Petrol, according to a report by Bloomberg on 22 October. This transaction represents the company’s inaugural entry into the vessel ownership sector. The acquisition has received formal approval from the Turkish antitrust authorities. While financial details of the arrangement remain confidential, the deal includes a fleet of eight marine fuel vessels. Following the integration, Energy Petrol is set to maintain its independent operations. The move also increases the company’s total global oil products storage capacity to approximately 728,000 cubic metres.

The acquisition marks a strategic shift for Alkagesta, transitioning its business model from marine fuel trading to direct distribution to end-users. Asad Huseynov, the company’s Managing Director of Investments and Asset Management, stated that this development provides a foundation for potential future investments or structured partnerships involving similar infrastructure assets. This expansion follows a strong performance in the first half of 2026, during which the firm secured access to the NATO Central Europe Pipeline System for Jet A1 deliveries and successfully executed its initial crude oil transactions.

Alkagesta currently holds a significant market position, supplying approximately 40% of the 2.5 million tonne per year marine fuel market in Turkey and roughly 75% of the market in Malta. Looking ahead, the company has outlined plans to grow its marine fuel supply operations in Singapore. The Singapore hub recorded a volume of approximately 250,000 metric tonnes per month during its first full year of operation. The recent acquisition of Energy Petrol is intended to further strengthen the company’s infrastructure and distribution capabilities within the global marine fuel sector.