# Alkagesta completes Energy Petrol acquisition and strengthens Turkish operations

- **Source:** https://pelavox.com/alkagesta-completes-energy-petrol-acquisition-and-strengthens-turkish-operations/
- **Publisher:** pelavox. (The voice of shipping)
- **Author:** Jason Nicholson
- **Published:** 2026-11-10T23:00:00+00:00
- **Updated:** 2026-11-10T09:24:02+00:00
- **Section:** Business / Mergers & Acquisitions
- **Type:** News
- **Topics:** Alkagesta, Aydın Yıldız, Energy Petrol, Marine Bunkering, Taha Karakan, Turkish Shipping

Alkagesta has completed its acquisition of Turkish marine fuel supplier Energy Petrol, finalising the transfer of shares and introducing a new management structure to oversee its expanding bunkering operations in Türkiye.

The transaction was completed in November 2026, following the announcement of an acquisition agreement in October. It brings eight marine fuel supply vessels into Alkagesta’s portfolio, marking the Malta-based commodity trading group’s first move into vessel ownership.

The acquisition also includes a long-term lease covering 28,000 cubic metres of storage capacity at a terminal in Gebze, strengthening the group’s physical marine fuel distribution infrastructure in Türkiye. Financial terms of the transaction have not been disclosed.

Energy Petrol, established in 1997, is the third-largest physical marine fuel supplier in the Port of Istanbul, according to Alkagesta. The company will continue operating under its existing brand following the acquisition.

## New leadership structure for marine fuel operations

As part of the post-acquisition arrangements, Taha Karakan will oversee Alkagesta’s Turkish marine distribution activities as Managing Director – Marine Fuels Distribution, Türkiye. His responsibilities include strategic and commercial oversight of Energy Petrol within the group’s international marine fuels business.

Karakan joined Alkagesta in October 2024, having previously held commercial and trading positions at Bunker Holding. His experience includes marine fuel trading, physical bunkering operations and cargo supply management.

Aydın Yıldız has been appointed Marine Sales Director of Energy Petrol, bringing more than two decades of experience in maritime operations and commercial management.

Between 2015 and 2025, Yıldız worked at Petrol Ofisi, most recently serving as Head of Marine Sales. During that period, he oversaw a marine fuel supply business with annual sales volumes exceeding one million metric tonnes, supported by a nationwide distribution network, approximately 20 supply vessels and more than 10 marine fuel stations.

Yıldız began his career at sea as a marine engineer and progressed to Chief Engineer before moving into commercial and executive management roles.

## Expansion of physical bunkering capabilities

The acquisition extends Alkagesta’s activities beyond marine fuel trading by adding owned supply vessels and access to additional storage infrastructure. The move provides the group with a direct physical delivery platform in Türkiye, alongside its existing international trading operations.

Energy Petrol was developed under the leadership of Mustafa Muhtaroğlu, founding and current chairman of the Turkish Bunker Association and a longstanding board member of the International Bunker Industry Association.

Alkagesta said the new management structure is intended to combine its international trading network with Energy Petrol’s established local market experience, while maintaining the Turkish company’s customer relationships and operating standards.

The completed transaction represents a further expansion of Alkagesta’s marine fuel distribution activities in the Eastern Mediterranean, with the newly acquired vessels and storage arrangements providing a platform for its operations in Türkiye.

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Cite as: "Alkagesta completes Energy Petrol acquisition and strengthens Turkish operations", pelavox., 11 November 2026, https://pelavox.com/alkagesta-completes-energy-petrol-acquisition-and-strengthens-turkish-operations/