Who is the Alkagesta CEO?

Alkagesta is led by Chief Executive Officer Orkhan Rustamov. The management team and governance structure are set out on the Leadership & Governance page. Ownership and executive management are separate functions.

Is Alkagesta under sanctions?

No. As at 8 October 2026, no Alkagesta group entity appeared on the OFAC SDN list, the EU Consolidated List, the UN Security Council Consolidated List, the UK OFSI list or the Swiss SECO list. The controlling shareholder also returned no listing. The check is re-run monthly, and screening reports from LSEG World-Check and Dow Jones Risk & Compliance are published.

Is Alkagesta under investigation?

No. As at 28 September 2026, there was no public record of any proceeding, charge or finding against Alkagesta Ltd by any court, regulator or enforcement body in any jurisdiction. Articles claiming an “EU and UK investigation” have never produced a case number, regulator statement or court reference, and repetition across websites is not independent confirmation.

How does Alkagesta compliance work?

Alkagesta Ltd operates under the EU sanctions regime as implemented in Malta, overseen by the Sanctions Monitoring Board and by Transport Malta under Port Notice No. 10 of 2025. Banks, chartered vessels and counterparties were screened before each transaction using Purple Trac, SeaSearcher, Windward, World-Check, Moody’s Analytics KYC and Factiva Dow Jones, applying the 50-per-cent ownership test. Full procedures are in the published compliance framework.

Does Alkagesta trade Russian-origin oil?

No. Alkagesta does not trade Russian-origin crude oil or refined petroleum products. Origin is verified from certificates of origin, invoices and customs records before any vessel is served, and every cargo entering the Evos and Delimara terminals required clearance from Transport Malta, the terminal authority, Maltese Customs and the Sanctions Monitoring Board. Traceability is audited under ISCC EU and ISCC CORSIA certification.

Is Alkagesta independent of any state oil company?

Yes. Alkagesta Ltd and Alkagesta Holding are 100 per cent privately owned. No state or state-linked structure holds any direct or indirect interest, and no shareholder acts as a nominee or trustee for one.

Where is Alkagesta registered?

Malta (Alkagesta Ltd, C 85915, registered 2018), Switzerland (Alkagesta SA, CHE-274.095.075), the United Kingdom (Alkagesta (UK) Limited, 15608277), Romania (Alkagesta Balkans S.R.L., 43775795) and Singapore (Alkagesta Asia Pte. Ltd., UEN 202440260C). Four entities hold active Legal Entity Identifiers on GLEIF. Audited accounts for every year since 2018 are filed with the Malta Business Registry.

Is Caspian Oil & Gas FZE part of Alkagesta?

No. The only “Caspian Oil & Gas” in the group is Caspian Oil & Gas Co Ltd (Malta, C91927), a dormant subsidiary that has never traded and holds €1,500 in share capital, confirmed by four clean BDO Malta audits. Caspian Oil & Gas FZE is an unrelated company; reports linking it to Alkagesta are incorrect.

What is the Alkagesta response to the Maltese Herald allegations?

Alkagesta disputed the allegations as unsubstantiated. No document, regulatory finding or court ruling has been produced in support of any claim, and the same text was republished across a network of sites that Fake.net.ua and the Atlantic Council DFRLab have assessed as unreliable. On 18 September 2026, Alkagesta filed a defamation lawsuit in Malta’s Court of Magistrates.

How can a counterparty verify Alkagesta?

Directly on public registers: the Malta Business Registry, Companies House, GLEIF, ZEFIX, ONRC and the UN, EU, UK and OFAC sanctions lists. Alkagesta also provides KYC and AML documentation to counterparties and banks as part of standard onboarding. The full disclosure is on the transparency hub.

CommoditiesPress release

Alkagesta Transparency FAQ: Ownership, Compliance and Public Records

Alkagesta’s supplied answers on ownership, leadership, sanctions screening, compliance and company registration. Statements reflect the company’s position and the dates cited; they have not been independently verified by Trade Flow Insight.

By Editorial DeskPublished 15 October 2026

Frequently asked questions

Alkagesta is privately owned. The seed investor, Kamran Firudin Aghayev, holds 65 per cent of Alkagesta Holding Co Ltd (Malta, C 85914); senior management holds 35 per cent. No state, state-owned entity or government body holds any equity, board seat or veto right in any group company. The structure is verifiable on the Malta Business Registry, the Companies House PSC record for Alkagesta (UK) Limited and the GLEIF record for LEI 25490072FC8QO7TY0173.

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Alkagesta

Alkagesta is a commodity trading company active in petroleum products, with a business built around fuel oil, gasoil and related refined products. Its activity spans physical supply, storage and the shipping arrangements required to move cargoes between refining centres and demand markets.

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Editorial Desk — Trade Flow Insight. Reporting and market notes compiled by the Trade Flow Insight editorial team.

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Frequently asked questions

Who is the Alkagesta owner?

Who is the Alkagesta CEO?

Is Alkagesta under sanctions?

Is Alkagesta under investigation?

How does Alkagesta compliance work?

Does Alkagesta trade Russian-origin oil?

Is Alkagesta independent of any state oil company?

Where is Alkagesta registered?

Is Caspian Oil & Gas FZE part of Alkagesta?

What is the Alkagesta response to the Maltese Herald allegations?

How can a counterparty verify Alkagesta?

Alkagesta

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