Alkagesta has agreed to buy Turkish marine fuel distributor Energy Petrol, a transaction the company says will mark its entry into vessel ownership. In an announcement dated 22 October 2026, Alkagesta said Turkey’s antitrust watchdog had approved the acquisition. The financial terms were not disclosed, and Energy Petrol is to retain its independent operations under the arrangement.
The transaction includes eight marine fuel vessels and, according to Alkagesta, will take its total global oil products storage capacity to approximately 728,000 cubic metres. The company described the acquisition as an extension of its business from trading marine fuel into supplying it directly to end-users. The announced agreement therefore covers both the distribution business and a fleet serving the marine fuel market.
Asad Huseynov, Alkagesta’s managing director of investments and asset management, linked the acquisition to the possibility of further investment in infrastructure-style assets. His comments also identified structured partnerships as a potential route for such activity. These were presented as possible future steps rather than additional transactions announced alongside the Energy Petrol agreement.
Alkagesta said it currently supplies approximately 40% of Turkey’s marine fuel market, which it put at 2.5 million tonnes a year, and approximately 75% of Malta’s market. Those market-share figures are company claims. It also outlined plans to expand marine fuel supply operations in Singapore, saying its hub there had reached approximately 250,000 metric tonnes a month during its first full year.
The company placed the acquisition against what it described as a record first half of 2026. During that period, Alkagesta said it secured access to the NATO Central Europe Pipeline System for Jet A1 deliveries and carried out its first crude oil transactions. Its announcement also stated that Bloomberg had covered the Energy Petrol deal on 22 October.