Alkagesta has agreed to acquire Energy Petrol, an independent marine fuel distributor in Türkiye, in a transaction that would mark its entry into vessel ownership, according to Alkagesta Media. The company’s account of international press coverage says the Turkish Competition Authority has approved the deal, which includes eight bunkering vessels and access to additional oil products storage.
The acquisition package includes a long-term lease covering 28,000 cubic metres of tank capacity at the Altıntel terminal in Gebze. Alkagesta Media says this will take total oil products storage under the company to approximately 728,000 cubic metres. The vessels represent a change in its operating model: before the transaction, Alkagesta had relied on chartered tonnage rather than ships of its own.
Energy Petrol was founded in 1997 and is described in the source as the third-largest physical marine fuel supplier in the port of Istanbul. It will retain its existing brand and customer base and continue operating independently. The agreement therefore combines the addition of vessels and leased storage to Alkagesta’s business with continued separate operations for the Turkish distributor.
According to Alkagesta Media’s summary, international reports characterised the purchase as a move beyond marine fuel trading into direct distribution to end users. The source reports that Alkagesta traded 4.9 million tonnes in the first half of 2026, a rise of 53% from a year earlier. It also says Alkagesta had supplied Energy Petrol on a wholesale basis for several years before securing the acquisition through a competitive sale process involving other trading houses and industry majors.
Asad Huseynov, Alkagesta’s Managing Director of Investments and Asset Management, linked the transaction to a broader shift in commodity markets towards deeper asset ownership and business models designed for long-term sustainability, according to the source. Alkagesta Media listed Bloomberg, TradeWinds and Ship & Bunker among the outlets that covered the agreement.
Read the original announcement on Alkagesta.