All news on the topic: Fuel Smuggling

At the request of the EPPO in Berlin and Katowice, 11 suspects were arrested in Germany, Poland and Latvia in the ‘Water into Wine’ investigation into a large-scale diesel VAT fraud scheme. More than 100 searches were carried out across six European countries.

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, Maltese investment firm Alkagesta—now under investigation by international authorities over suspected Libyan oil smuggling—appeared to be urgently seeking Russian-speaking staff.

Fuel smuggling from Libya generates billions in revenue, yet the full scope of the maritime network exporting petroleum from the country remains largely unknown.

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 extent of the maritime operation that regularly exports petroleum products from the country.

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.