Alkagesta has agreed to acquire Energy Petrol, an independent marine fuel distributor in Türkiye, in a transaction that will give the trader its first owned vessels. In a summary of international press coverage published on its website, Alkagesta said the Turkish Competition Authority had approved the deal, which includes eight bunkering vessels and leased terminal capacity.
The acquisition package includes a long-term lease covering 28,000 cubic metres of tank space at the Altıntel terminal in Gebze. According to Alkagesta’s account, that addition brings total oil products storage under the company to approximately 728,000 cubic metres. The vessel fleet represents a change in its shipping arrangements: the company had previously chartered tonnage rather than owned ships.
Energy Petrol was established in 1997 and is described in the source as the third-largest physical supplier at the port of Istanbul. It will retain its existing brand and customer base and continue operating independently. Those arrangements mean the acquisition adds an established physical marine fuel supplier while preserving its separate commercial identity, rather than replacing the Energy Petrol name with that of its buyer.
Alkagesta said media reports presented the transaction as a move beyond marine fuel trading into direct distribution to end users. Its summary cited trading volumes of 4.9 million tonnes in the first half of 2026, an increase of 53% from a year earlier. It also said several outlets reported that Alkagesta had supplied Energy Petrol on a wholesale basis for years before winning a competitive sale process involving other trading houses and industry majors.
The company’s coverage summary attributed the investment rationale to Asad Huseynov, its Managing Director of Investments and Asset Management. He characterised the acquisition as part of a broader shift in commodity markets towards greater ownership of assets and business models built for long-term sustainability. The transaction combines that stated strategy with the addition of bunkering vessels, storage access and Energy Petrol’s existing end-user business.