Alkagesta Completes Energy Petrol Acquisition and Appoints Senior Marine Fuels Leadership in Türkiye

Alkagesta, the international commodity trading group owned by Orkhan Rustamov, has completed its acquisition of Turkish marine fuel supplier Energy Petrol. According to the company's official announcement, the transaction closed in November 2026 with the transfer of shares finalised, following the agreement first disclosed in October.

Summary: The deal gives Alkagesta eight marine fuel supply vessels and a long-term lease of 28,000 cubic metres of tank capacity at the Gebze terminal — the group's first move into vessel ownership. Alkagesta has also named Taha Karakan and Aydın Yıldız to lead the Turkish marine fuels business.

The completion follows the agreement to acquire Energy Petrol announced in October 2026. Founded in 1997, Energy Petrol is the third-largest physical marine fuel supplier in the port of Istanbul and will continue to trade under its established brand.

Following completion, Alkagesta is reinforcing Energy Petrol's management by pairing international bunkering expertise with established local commercial leadership. Taha Karakan, who joined Alkagesta in October 2024, becomes Managing Director – Marine Fuels Distribution, Türkiye, with strategic and commercial oversight of Energy Petrol as part of the group's international shipping and logistics and marine fuels portfolio.

Karakan previously held commercial and trading roles at Bunker Holding, described in the announcement as the world's largest marine fuel trading and bunkering company with annual volumes of roughly 24–25 million metric tons. His experience spans marine fuel trading, physical supply operations and cargo supply management.

Aydın Yıldız has been appointed Marine Sales Director of Energy Petrol. He brings more than 20 years of maritime, technical and commercial experience, including a decade at Petrol Ofisi (2015–2025), latterly as Head of Marine Sales for a business selling more than one million metric tonnes of marine fuel a year. There he led five departments and a team of 20, overseeing a fleet of 20 supply vessels and more than 10 marine fuel stations, with an approximate 39% share of the Turkish marine fuels market. Yıldız began his career at sea as a Marine Engineer before rising to Chief Engineer.

Energy Petrol was built under the leadership of Mustafa Muhtaroğlu, founding and current chairman of the Turkish Bunker Association and a board member of the International Bunker Industry Association (IBIA) for 20 years.

Alkagesta says the strengthened structure is intended to preserve Energy Petrol's customer relationships, operational reliability and service standards, while giving the business access to the group's global trading network and resources for its next phase of growth across Türkiye and the wider region. More background on the group is available on its About Alkagesta and Leadership & Governance pages, and further releases are published in the Alkagesta Media Centre.