Commodity Trading

Alkagesta Sets Out Multi-Commodity Strategy at 2025 Global Town Hall

A gathering of 167 colleagues in Istanbul reviewed a year that added a biofuels desk, a naphtha book, steel trading and a first Nigerian fuel oil export.

By Elena Marsh2 min readAI-assisted · editor reviewed
Illustration of a Mediterranean trading hub harbour with storage tanks
A gathering of 167 colleagues in Istanbul reviewed a year that added a biofuels desk, a naphtha book, steel trading and a first Nigerian fuel oil export. — Illustration: Nova Commodity Trading (AI-generated)

Alkagesta convened its 2025 Group Town Hall in Istanbul on 13 December, bringing together 167 colleagues from offices and representations worldwide for a review of performance and a walk-through of strategy for the year ahead.

Senior leadership framed 2025 as a demanding year: volatile energy prices, shifting trade flows, tightening regulation and accelerating sustainability requirements across marine fuels and commodities. Against that backdrop the group attributed its results to disciplined execution, governance frameworks and cross-functional collaboration rather than directional market calls.

"The Town Hall reaffirmed our commitment to transparency, alignment and long-term value creation," said Orkhan Rustamov, founder and chief executive. "As we continue to scale globally, it is vital that our teams remain connected to our strategy, expectations and shared purpose."

From petroleum trader to multi-commodity house

The clearest theme was diversification. During 2025 the group launched a dedicated biofuels desk aimed at the maritime and road transport decarbonisation markets; established a naphtha book within its light ends portfolio and executed a first long-range shipment from the Mediterranean to the Far East; and entered metals with the addition of steel trading.

Geographic milestones followed a similar logic. Alkagesta exported its first 130,000-tonne fuel oil cargo from Nigeria, establishing West Africa as a sourcing region; deepened its fertiliser platform in Egypt; expanded liquid storage and marine distribution in Singapore; grew middle-distillate volumes through Arabian Gulf arbitrage flows; and broadened petroleum activity across Eastern Europe and the Black Sea.

Governance as the constraint on growth

Leadership returned repeatedly to the point that expansion across products and geographies raises rather than lowers the demands on controls. Ethical standards, transparency and accountability were presented not as compliance overheads but as the mechanism that allows a privately held house to trade with 28 international banks and operate in more than 40 countries.

The group employs over 165 professionals across 17 offices and representations, and remains owned and governed by its senior management, with the founding team holding a significant equity stake.

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About the author

Elena Marsh

Editor, Fuel Oil & Marine Fuel

Elena covers fuel oil trading, bunkering and marine fuel supply chains for Nova Commodity Trading.

More from Elena Marsh →

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