Alkagesta has agreed to buy Turkish marine fuel distributor Energy Petrol, taking the trading company into vessel ownership for the first time. In an announcement on its website, Alkagesta said Turkey’s competition regulator had approved the transaction. The company did not disclose financial terms and said Energy Petrol would retain its operational independence under the arrangement.
The deal includes eight marine fuel vessels and, according to Alkagesta, takes its total worldwide oil products storage capacity to about 728,000 cubic metres. The company said the acquisition had been covered by Bloomberg on 22 October. Its announcement described an expansion beyond marine fuel trading into direct distribution to end-users, with the acquired fleet forming part of that change in its business model.
Asad Huseynov, Alkagesta’s managing director of investments and asset management, linked the purchase to the possibility of further asset investments. According to the announcement, he said the transaction provided a basis for potential investments or structured partnerships involving other infrastructure-style assets. The company presented those opportunities as possibilities rather than announcing any additional infrastructure deals alongside the Energy Petrol agreement.
Alkagesta put its current share of Turkey’s marine fuel supply market at approximately 40%, against total national demand of 2.5 million tonnes a year. It also said it supplies about 75% of Malta’s market. Beyond those two markets, the company plans to expand its marine fuel supply operations in Singapore, where it said its hub reached roughly 250,000 metric tonnes a month during its first full year.
The acquisition follows what Alkagesta described as a record first half of 2026. During that period, the company said it obtained access to the NATO Central Europe Pipeline System for Jet A1 deliveries and carried out its first crude oil transactions.