Transparency and Disclosures

Yes. Alkagesta Ltd (under company number C 85915, registered in Malta) and its parent, Alkagesta Holding, are 100% privately owned. No state, state-owned entity, sovereign wealth fund, or government body, other state-linked structure - holds any direct or indirect equity interest, board seat, veto right, or other control mechanism in any Alkagesta group entity, at any level of the structure.

Ownership rests entirely with named private individuals: the seed investor, Kamran Firudin Aghayev, holds 65% of Alkagesta Holding, with the remaining 35% held by senior management. None of these individuals act as a nominee, trustee, or representative for any state or state-owned entity.

This structure is verifiable via the Malta Business Registry (MBR) Company Search Website https://baros.mbr.mt/. (Extract dated: 24th July 2026, Last confirmed: 24th July 2026).

As at 24th July 2026, Alkagesta Ltd and its registered controller(s) and directors do not appear on the consolidated sanctions lists maintained by the US, EU, UK, or UN. This is a specific, dated check against named lists - not a general claim of sanctions clearance - and does not extend to any party other than those named below.

What was checked, and against what (as at 24th July 2026):

• United States: OFAC SDN and consolidated lists - no match
• European Union: EU consolidated list - no match
• United Kingdom: UK Sanctions List - no match
• United Nations: UN consolidated list - no match

Alkagesta Ltd and its affiliates and subsidiaries, directors and officers as disclosed at [Malta Business Registry, company number C 85915]. The check is re-run monthly; this page reflects the result of the 24th July 2026 refresh.

Alkagesta Ltd is incorporated in Malta (Malta Business Registry, company number C 85915) and trades within the EU, so it operates under the EU sanctions regime as implemented in Malta. Compliance oversight runs through two channels:

1. Sanctions Monitoring Board (Malta) - national-level administration of the EU sanctions regime.
2. Transport Malta, under Port Notice No. 10 of 2025 - vessel-level due-diligence declarations submitted through the national single window before each port call, providing a transaction-by-transaction sanctions checkpoint independent of the entity-level list check above.

Malta’s status as an EU member state has fostered a robust environment for business growth, underpinned by stringent regulatory and compliance frameworks. Alkagesta currently operates through the Evos and Delimara onshore storage facilities, meaning all EU and Maltese laws apply. The Maltese government has established a rigorous vetting process for any cargo entering onshore terminals, requiring prior approvals from: 

• Transport Malta
• Terminal Authority
• Customs Authority
• Sanctions Monitoring Board

Only after receiving clearance from all four entities can cargoes be discharged, ensuring complete compliance and transparency.

Cargo quality are independently verified at both load and discharge by globally recognised, internationally accredited inspection companies, in accordance with industry best practices and applicable product specifications. This independent verification is conducted under the terms of Alkagesta's standard trading contracts, which incorporate BP Oil International General Terms and Conditions 2015 (v1.2) - the market-standard chassis across Alkagesta's purchase and sale agreements - meaning independent inspection is a contractual requirement rather than a discretionary step.

Alkagesta's principal operations sit in Malta (EU), with physical cargo handling conducted through licensed terminals in Malta, Romania, Singapore, Turkey, Belgium and across Central Asian Corridor each under that jurisdiction's national port and customs oversight.

Alkagesta Ltd is registered in Malta (Malta Business Registry, company no. C 85915, registered 2018) and, as an EU-incorporated company, is subject to Maltese and EU law.

Alkagesta is a physical commodity trading group built around its main operating entity, Alkagesta Ltd, registered in Malta since 2018 (company no. C 85915). The company engages in the trading of physical commodities-principally petroleum products-and is fully regulated and taxed under Maltese law.

Alkagesta Ltd functions as the group’s primary booking entity and operational headquarters, overseeing trading, risk management, compliance, and logistics activities across its international offices. As a Maltese‑registered company, Alkagesta is subject to Malta’s corporate tax framework and adheres to all applicable EU regulatory requirements governing commodity trading, financial reporting, and anti‑illicit trade controls.

Directly, on public registers - Alkagesta does not ask a counterparty to take its corporate or regulatory standing on trust - and Alkagesta provides the underlying KYC and AML documentation directly to counterparties and banks as part of standard onboarding, rather than relying solely on what is publicly available.

Alkagesta Ltd, the Malta parent, is registered with Malta Business Registry under company no. C 85915, with its core record - registration, registered office, directors, shareholders - publicly searchable. Its UK subsidiary, Alkagesta (UK) Limited (company no. 15608277), discloses its persons with significant control, directors, and filing history on the UK Companies House public register.

See Q3 above, which records the specific check made against each authority's list (US/OFAC, EU, UK, UN) and the date it was last run.

Beyond what is publicly searchable, Alkagesta provides counterparties, banks, and other regulated counterparts with the documentation required for their own KYC onboarding and AML screening as a standard part of relationship setup - including corporate documents, ownership and control information, and director/UBO details.

Through pre-transaction screening of banking relationships, chartered vessels, and trading counterparties, using a defined set of licensed third-party platforms spanning vessel-tracking analytics, sanctions/PEP/adverse-media screening, and ownership-structure verification - plus independent quantity and quality inspection at load and discharge.

Before transacting, Alkagesta screens its banking relationships, the vessels it charters, and its trading counterparties against the consolidated sanctions lists referenced in Q3 (OFAC SDN, EU consolidated list, UK Sanctions List, UN consolidated list), applying ownership-based screening including the standard 50%-or-greater ownership/control test used across these regimes. This is conducted using the following licensed platforms, by function:

• Purple Trac, SeaSearcher and Windward, used to monitor vessel position history, AIS continuity (including gaps and spoofing indicators), flag changes, and ship-to-ship transfer activity, to screen chartered and counterparty vessels directly against sanctions and compliance lists, bridging vessel-level and entity-level screening.
• World Check, Moody's Analytics KYC and Factiva Dow Jones used to screen counterparties, banking relationships, and individuals against sanctions lists, politically exposed persons databases, and adverse media, to verify corporate ownership and control structures as part of counterparty onboarding and the 50%-or-greater ownership test referenced above.

The allegations made by the Maltese Herald are unsubstantiated.

They originate with a single outlet, which has repeated and extended them in a series of posts since March 2025. A set of sites republishes that outlet's material, at times word for word. These posts are often presented, and cited, as investigative reporting. They are not. They are one source's assertions in circulation. Republication is not corroboration, and the number of sites carrying a claim says nothing about the evidence for it. No evidence has been produced. In its first article the outlet records that its own earlier examination of Alkagesta found no irregularities and that it had not examined the company in any depth. Across every post, no valid document, no regulatory finding and no ruling of any court has been produced in support of any of the claims.

Every fact below is established by a third party: an accredited external auditor, the global LEI system, the public company register at Companies House, and four sanctions authorities.

Alkagesta Oil Origin. Alkagesta verifies origin through the documents behind each cargo: certificates of origin, invoices, and loading and customs records, checked before a vessel is served. The rules are set by United Nations Security Council Resolutions 2146 and 2362, guidance from Malta's Sanctions Monitoring Board, and Transport Malta Port Notice No. 10 of 2025, which requires due-diligence declarations before a vessel arrives. The duty extends to services provided to vessels beyond port limits, even outside territorial waters. Without full compliance, no authorisation or clearance is granted for any loading, discharge or shipment. Libyan crude is legitimate only when it originates from the Libyan National Oil Corporation.

Alkagesta operates through onshore, regulated facilities in Malta: the Evos terminal at Birżebbuġa, operational since 1992, and onshore storage at Delimara. Every cargo it handles is documented under the certificate-of-origin and due-diligence requirements set out above. No cargo, shipment or discharge has been identified, in any of the posts, that failed those requirements.

Certificates and traceability. The company's traceability is audited by an accredited third party, not self-declared. ISCC EU certificate EU-ISCC-Cert-PL214-21328285, valid to 2 January 2027, and ISCC CORSIA certificate ISCC-CORSIA-Cert-PL214-38108225, valid to 29 December 2026, are both searchable by company name in the ISCC certificate database. ISCC certification is a chain-of-custody audit: an accredited external auditor tests whether the company can prove where certified material came from at every transfer. The certificate is the auditor's finding.

Alkagesta owner and control. The seed investor, Kamran Firudin Aghayev, holds 65% of Alkagesta Holding, with the remaining 35% held by senior management. This is verifiable on the public record: Alkagesta (UK) Limited, company 15608277, lists its person with significant control, directors and full filing history openly at Companies House. Assertions of a different or undisclosed owner originate with the same outlet and the sites that republish it. None has produced a shareholding document or register filing of any kind. The register is public; the claims are not sourced from it. No state-owned company or government body holds any interest, direct or indirect, in Alkagesta

Alkagesta Registration. Legal Entity Identifier 25490072FC8QO7TY0173, issued and active in the Global LEI System, record held by GLEIF. Malta registration C 85915. UK company 15608277, with its person with significant control, directors and filing history open on the public register.

Alkagesta Sanctions List. As at 10th August 2026, neither the company nor its registered controller appears on the consolidated lists of the United Nations, the European Union, the United Kingdom, or OFAC (US Treasury).

Investigations. Reports that the company is "under investigation" originate with the publishing outlet and have never been accompanied by a case reference, an official statement, or a document from any authority. As at 10th August 2026, there is no public record of any proceeding, charge or finding against Alkagesta by any court, regulator or enforcement body, and none of the sites repeating the claim has cited one. Alkagesta's regulatory standing can be verified without reference to the company: company 15608277 at Companies House, where control records and filing history are open; Legal Entity Identifier 25490072FC8QO7TY0173 at GLEIF; the ISCC certificates by their numbers; and the four sanctions lists named above.