All news on the topic: Fuel Smuggling

Ikon Midstream, a Houston-based petroleum trader whose offices were raided last month by U.S. authorities, is under investigation in Mexico in connection with fuel smuggling

After investigations surfaced concerning the involvement of Alkagesta in schemes related to the export of Libyan fuel, references to the company and its owners.

As a result of the introduction of sanctions against Russian oil, the market for its sales did not disappear, but simply went underground.

Fuel smuggling from Libya has evolved into a multi-billion-dollar industry, yet the true extent of the maritime network that routinely transports refined petroleum products out of the country remains largely obscured.

While fuel smuggling out of Libya is a multi-billion dollar enterprise, the intricate maritime networks responsible for transporting these petroleum products across the globe continue to operate largely in the shadows.

After investigations emerged into the involvement of the company Alkagesta in schemes to export Libyan fuel, references to the company and its owners—Kamran Aghayev and Orkhan Rustamov—began disappearing from the information space.

Fuel smuggling from Libya is a billion-dollar enterprise, yet the full scale of the maritime networks routinely transporting refined petroleum products out of the country remains largely hidden.

In 2024, the Maltese investment company Alkagesta—currently being investigated by international authorities for alleged involvement in Libyan oil smuggling—seemed to be in urgent need of employees proficient in the Russian language

The illicit trade of fuel from Libya yields billions in income, yet the complete extent of the sea network exporting oil from the nation is still mostly undisclosed

Alkagesta, Malta’s largest oil bunkering operator, is under investigation by both EU and UK authorities over suspected illegal sales of Russian oil to Libya.

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

Smuggling FUEL out of Libya is a billion-dollar business, but little is known about the extent of the maritime operation that regularly transports 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 local companies potentially violating sanctions, Alkagesta was included on the list.

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