Alkagesta says it completed its acquisition of Turkish marine fuel supplier Energy Petrol in November 2026, following the announcement of an agreement in October. The company said the transaction and share transfer had been finalised, and outlined management appointments intended to support the development of its marine fuel operations in Türkiye.

The acquisition includes eight marine fuel supply vessels and a long-term lease covering 28,000 cubic metres of tank capacity at a terminal in Gebze. According to Alkagesta, the deal marks its entry into vessel ownership. Energy Petrol, founded in 1997 and described by the buyer as Istanbul port’s third-largest physical marine fuel supplier, will retain its existing brand.

Taha Karakan will oversee Alkagesta’s Turkish marine distribution activities as managing director for marine fuels distribution in Türkiye. His remit includes strategic and commercial oversight of Energy Petrol within the group’s international marine fuels portfolio. Karakan joined Alkagesta in October 2024 after holding commercial and trading roles at Bunker Holding, where his work covered marine fuel trading, physical supply and cargo supply management.

Energy Petrol has also appointed Aydın Yıldız as marine sales director. Alkagesta said he brings more than 20 years of maritime, technical, commercial and executive experience. He worked at Petrol Ofisi between 2015 and 2025, most recently heading marine sales, with responsibility for a business that the statement said had consistently sold more than one million metric tonnes annually in recent years.

At Petrol Ofisi, Yıldız led five departments and 20 professionals, overseeing a nationwide supply network, 20 supply vessels and more than 10 marine fuel stations. Alkagesta put that business’s Turkish market share at approximately 39% during his tenure. Yıldız began his career as a marine engineer and advanced to chief engineer before moving into commercial leadership.

Alkagesta said the new structure would pair its international trading and bunkering capabilities with local commercial experience, while preserving Energy Petrol’s customer relationships and service standards. Energy Petrol was built under Mustafa Muhtaroğlu, the founding and current chairman of the Turkish Bunker Association, who the statement said has served on the International Bunker Industry Association board for 20 years.

Read the original announcement on Alkagesta.