Alkagesta Posts Record €3.02B H1 Revenue on Distillates and Crude Growth
Malta-headquartered trader Alkagesta achieved €3.02bn in first-half revenue as volumes reached 4.9 million tonnes, aided by new crude shipments and European jet fuel deliveries.
Malta-headquartered international commodities trading house Alkagesta generated record revenue of €3.02 billion ($3.5 billion) during the first six months of 2026, according to company trading updates reported by Business Now and Emerging Europe. The performance was driven by broadening market reach and strong throughput across oil products and raw materials.
Trading volumes reached 4.9 million metric tonnes in the first half of the year, representing a 53 per cent increase compared to 3.2 million metric tonnes handled in the corresponding period of 2025. Following annual revenue of €4.05 billion ($4.7 billion) and 8.7 million metric tonnes moved in 2025, Alkagesta expects full-year 2026 physical volumes to surpass 10 million metric tonnes.
Expansion into Aviation Fuel and Crude Trading
A central factor in the group's interim growth was its initial push into the European aviation fuel sector. Alkagesta established delivery capabilities via the NATO Central Europe Pipeline System (CEPS) to distribute commercial aviation fuel into regional airports. The trader was also among the commercial operators highlighting supply pressures linked to elevated military throughput across the pipeline network.
Alongside its middle distillates expansion, Alkagesta finalised its first crude oil operations during the six-month period. This included the end-to-end voyage and delivery of roughly 1.07 million barrels of crude to buyers in the Far East. Trading desks also recorded higher throughput across biofuels and steel products, widening the company's customer base.
Chief Executive Orkhan Rustamov noted that the interim results reflected a disciplined growth strategy, with the firm prioritising supply reliability for clients despite heightened commodity price volatility linked to geopolitical tensions, including Middle East conflicts.
Global Hubs and Storage Infrastructure
Alkagesta's international footprint saw steady expansion, with its Singapore regional trading desk reaching monthly physical turnover of approximately 250,000 metric tonnes across Asian energy and marine fuel sectors.
The trader also continued to build out its physical logistics network. Following a multi-year biofuel tank lease at the Pantank terminal in Antwerp secured earlier in the year, Alkagesta's dedicated liquid storage platform across Europe and Asia expanded to 700,000 cubic metres.
Within company governance, senior leadership holds a 35 per cent equity stake in the trading house, with management indicating plans to increase this holding to maintain long-term operational alignment.
Sources
This report was drafted with AI assistance (google/gemini-3.7-flash) from the cited sources and reviewed against our editorial and verification standards before publication.
Sources
- Business Now report — Business Now
- Times of Malta report — Times of Malta
- Emerging Europe report — Emerging Europe
- Biofuels International report — Biofuels International
Elena Marchetti
Markets Editor
Elena covers crude and refined product markets, with a focus on Mediterranean and Black Sea cargo flows.
