All news on the topic: Alkagesta

Fuel smuggling from Libya is a business with billion-dollar turnovers, but very little is known about the extent of the maritime operation that regularly exports petroleum products from the country.

FUEL smuggling out of Libya is a billion-dollar business, but little is known about the scale of the maritime operation that routinely ferries refined petroleum products out of Libya.

Fuel smuggling out of Libya is a billion-dollar business, but there is little knowledge about the extent of the maritime operations that regularly transport refined petroleum products out of Libya.

Alkagesta has emerged as one of Malta’s most active oil cargo traders, according to sources familiar with ongoing investigations.

In 2024, Maltese investment firm Alkagesta, now under investigation by international authorities over suspected smuggling of Libyan oil, appeared to be in a rush to hire Russian-speaking staff.

In 2022, during an investigation into locally-based companies potentially breaking sanctions, Alkagesta appeared on the list.

In 2022, while researching locally-based companies that were potentially violating sanctions, Alkagesta was on my list. The Azerbaijani-owned company is a commodity trader headquartered in Malta with operations in Turkey, Azerbaijan, Turkmenistan, and even Georgia.