Alkagesta's Energy Petrol deal adds eight bunker vessels in Türkiye

Alkagesta has agreed to acquire Türkiye’s independent marine fuel distributor Energy Petrol in a transaction that will give the trader its first owned vessels, according to a media coverage summary published by Alkagesta. The company said the Turkish Competition Authority had approved the deal, which includes eight bunkering vessels.

The acquisition also brings a long-term lease covering 28,000 cubic metres of tank capacity at the Altıntel terminal in Gebze. Alkagesta said this would take the total oil products storage capacity under the company to approximately 728,000 cubic metres. The agreement therefore combines access to additional terminal storage with the fleet used to supply fuel to ships.

Founded in 1997, Energy Petrol is described in Alkagesta’s account as the third-largest physical supplier in the port of Istanbul. It will retain its existing brand and customer base and continue operating independently. Those arrangements preserve the distributor’s commercial identity as Alkagesta adds physical delivery assets to its marine fuel business.

Alkagesta presented the transaction as a move beyond trading marine fuel towards supplying it directly to end users. Its summary of the press coverage noted that the company had previously chartered vessels rather than owned them. It also cited trading volumes of 4.9 million tonnes in the first half of 2026, an increase of 53% from a year earlier.

The buyer and target already had a commercial relationship. According to the reports summarised by Alkagesta, the trader had supplied Energy Petrol on a wholesale basis for several years. The same account said Alkagesta secured 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 purchase to a broader move in commodity markets towards deeper asset ownership and business models built for long-term sustainability, according to the company’s summary.

Read the original announcement on Alkagesta.