Alkagesta expansion adds biofuels, steel and new regional flows

Alkagesta expansion during 2025 extended the Malta-headquartered commodity trader’s activities across marine fuels, petroleum products, metals and fertilisers. The company outlined the developments at its annual Group Town Hall in Istanbul, attended by 167 employees from its international offices and representations.

The meeting reviewed performance amid volatile energy prices, changing trade routes, regulatory requirements and rising sustainability expectations in commodity and marine fuel markets. Staff from trading, logistics, operations, finance, risk management and sustainability participated. Management said the company had focused on risk controls, compliance, governance and coordination between business functions as its geographical and product coverage increased.

New biofuel, naphtha and steel activities

Alkagesta established a dedicated biofuels desk during the year, adding a business focused on renewable and transitional marine fuel supply chains. The company linked the initiative to demand from shipping, industrial and energy customers for lower-carbon alternatives that meet regulatory and operational requirements. The desk broadens a portfolio historically centred on petroleum trading while increasing the company’s exposure to the maritime energy transition.

The trader also opened a naphtha book within its light-ends business and completed its first LR shipment from the Mediterranean to the Far East. The movement added an inter-regional flow to Alkagesta’s trading operations. Separately, the company entered steel trading, extending its commodity portfolio beyond petroleum products and fertilisers into metals.

West Africa became another area of expansion. Alkagesta exported its first 130,000-tonne fuel oil cargo from Nigeria, introducing a new source of supply to its trading network. In North Africa, it increased its role as a fertiliser exporter from Egypt, where the company reported stronger commercial relationships and a larger share of the market. Alkagesta described fertilisers as a source of portfolio diversification alongside its energy activities.

Storage and distribution capacity in Asia

In Singapore, Alkagesta added liquid storage capacity and expanded its marine distribution operation, supporting supplies to bunker and industrial customers in the Asian trading hub. The company also recorded higher middle-distillate volumes during 2025, supported by AG arbitrage movements and the extension of its sales network into additional regional markets.

Petroleum operations were broadened across Eastern Europe, with Alkagesta adding customers and increasing its participation in routes linking Europe, the Black Sea and neighbouring markets. At the Town Hall, founder and chief executive Orkhan Rustamov emphasised the need for employees to remain aligned with company strategy as the business grows. Management said its priorities for 2026 would include resilience, diversification and sustainability, alongside continued attention to profitability, volumes, governance, compliance and risk management.