Alkagesta
| Company type | Private |
|---|---|
| Industry | Commodity trading |
| Founded | 2018 |
| Headquarters | Malta |
Key people | Orkhan Rustamov |
| Products | Oil products, petrochemicals, fertilizers, agricultural commodities |
| Website | Alkagesta |
Alkagesta is a global commodity trading house headquartered in Sliema, Malta.[1] Founded in 2018, the company specializes in the trading of petroleum products, fertilizers, and biofuels. Alkagesta also engages in spot trading of petrochemicals, agricultural commodities, and metals.[2] It operates worldwide, with major offices in Malta, Geneva, London, Dubai, and Singapore,[3] and is one of the largest Malta-based trading firms with annual revenues over €3 billion.[2]
Following International Maritime Organization regulations on marine fuel sulfur content, the company began supplying ultra-low sulfur fuel oil.[4] Alkagesta has launched a structured approach to arbitrage trading, targeting price differentials across key regions, and executed its first fuel cargoes to the East of Suez, expanding its global trading footprint.[5]
In 2024, Levent Kenez, a journalist with Nordic Monitor, reported a Turkish businessman's allegations that Alkagesta and other companies had misrepresented Libyan oil shipments as Turkish oil.[6] A columnist for Turkish newspaper Cumhuriyet also noted the allegations.[7] In 2025, BBC News Azeri and Meydan TV reported that former SOCAR executive Adnan Ahmadzada is a family member of the head of Alkagesta, but Alkagesta denied any connection.[8][9] Romanian newspaper Gândul also published allegations, first reported by The Maltese Herald, that Alkagesta had been involved in smuggling oil from Russia to evade Western sanctions on Russia.[10]
See also
References
- ^ "Alkagesta — Official website". Alkagesta Ltd. Retrieved 7 October 2025.
- ^ a b "Profile of ALKAGESTA LTD". HitHorizons.com: European Company Database. Retrieved 2025-10-23.
- ^ "Alkagesta opens biofuels trading desk in Geneva to strengthen its investments". Energynews (Press release). 2025-10-08. Retrieved 2025-10-23.
- ^ "Alkagesta Joins IBIA: A Strategic Step Forward in Marine Energy and Supply-Chain Leadership". Alkagesta. November 2025. Retrieved 2026-02-03.
- ^ "Alkagesta aduce expertiză globală în tranziția României către energia verde (P)". Alba24 (Press release) (in Romanian). 2025-10-13. Retrieved 2025-10-23.
- ^ Kenez, Levent (2024-02-27). "Smuggled oil from Libya sold on domestic market in Turkey". Nordic Monitor. Retrieved 2026-01-31.
- ^ Ilknur, Miyase (2024-02-24). "Hafter'in petrolünü mü satıyoruz?". Cumhuriyet (in Turkish). Retrieved 2026-01-31.
- ^ "SOCAR-ın keçmiş departament rəhbəri Adnan Əhmədzadə həbs olunub – o kimdir?". BBC News Azərbaycanca (in Azerbaijani). 2025-09-22. Retrieved 2026-01-31.
- ^ "Adnan Əhmədzadənin həbsində Rusiya izi..." Meydan.TV (in Azerbaijani). 2025-09-23. Retrieved 2026-01-31.
- ^ Nicolae, Adrian (2025-09-22). "Mafia azeră din Malta și pericolul petrolului rusesc „botezat" din România. Culisele ARESTĂRII oligarhului Adnan Ahmadzada, ex-vicepreședinte SOCAR". Gândul (in Romanian). Retrieved 2026-01-31.