From Malta to Singapore: Alkagesta Anchors Its Growth in Asia
Singapore has become one of the clearest success stories in Asia’s modern economy. With limited natural resources but unlimited ambition, the city-state built prosperity on stability, infrastructure, and openness to global business. Trade has been its engine: in 2024, the value of goods and services passing through Singapore was more than three times the size of its GDP — a level of openness few countries can match. That same year, its ports moved over 41 million containers, ranking Singapore as the world’s second busiest maritime hub and confirming its role as a critical artery for global commerce.
Against this backdrop of resilience and global connectivity, a global commodity trading house from Malta Alkagesta is set to start, marking a new chapter in the company’s international journey with an operations hub in Singapore.
Why Singapore Matters
Singapore’s strategic location at the crossroads of Asia has given it a unique advantage in international commerce. Nearly 20% of the world’s container traffic passes through its ports, and its role as a hub for oil, commodities, and finance continues to expand. With a population of over 6.11 million people in 2025, bolstered by foreign talent, the country is positioned as a meeting point for global markets and capital flows.
For companies like Alkagesta, which thrives on structured commodity trade and transparent compliance, Singapore offers both scale and credibility. Establishing Alkagesta in Singapore allows the firm to participate directly in Asia’s booming commodity trade while maintaining the highest levels of governance.
“Our esteemed customers value not only execution, but trust and transparency,” said Orkhan Rustamov, CEO of Alkagesta. “Singapore is where Asian markets converge with global capital. And by opening a hub of Alkagesta in Singapore, we are creating this strategic bridge between Europe and Asia that ensures compliant fuel flows and contributes to a sustainable global trading ecosystem.”
Pierre Gay, Member of the Board at Alkagesta, added: “Singapore offers the ideal environment for disciplined commodity trading — where governance, risk management, and trade finance converge. At Alkagesta, we see this expansion not just as geographic growth, but as a commitment to operating with integrity and precision in one of the world’s most trusted markets.”
Singapore’s role as a financial center adds extra value to this decision. The country consistently ranks among the world’s top trading centers, backed by a solid legal framework and transparent governance. With the launch of Alkagesta in Singapore, the company is joining a jurisdiction that reflects its core values: reliability, transparency, and long-term growth.
Alkagesta’s Success in Malta
Founded in 2018, Alkagesta in Malta quickly gained recognition as a trusted player in commodity trading. The company helped transform Malta from a traditional bunkering stop into a recognized Mediterranean commodity hub. Working with 28 international banks, Alkagesta from Malta built a reputation for structuring complex transactions, secured by letters of credit, insurance, and strict compliance processes.
Uncompromising stance on compliance and sanctions is the factor that sets the company apart. The Alkagesta sanctions framework includes robust KYC/AML procedures, vessel and counterparty screening, and zero tolerance for breaches. This approach not only won the trust of regulators and financial institutions but also established Alkagesta as a role model in responsible trading.
Alkagesta and Its Goal Between Regions
The synergy between Malta’s Alkagesta and the strategic move in Singapore is clear. Malta provided the blueprint: how a small jurisdiction can serve as a trusted gateway for global trade by combining financial expertise with rigorous compliance. Now, this model is being applied in Asia’s marketplace.
By operating in both Malta and Singapore, the company creates a seamless corridor for commodity flows across continents. This ‘east–west bridge’ makes sure that global capital, shipping, and energy transactions are handled with transparency, resilience, and efficiency.
As Orkhan Rustamov, CEO of Alkagesta, emphasized, the Singapore expansion is a long-term commitment to the region. Opening Alkagesta in Singapore is a part of the company’s strategic goal–building trust in global trade, and driving sustainable growth across Asia-Pacific and beyond.
Pierre Gay, Member of the Board at Alkagesta, shared: “Our goal is to build a trading architecture that is both globally connected and locally grounded. Operating from Malta and Singapore allows us to align with the highest standards of financial discipline while remaining agile in fast-moving markets. It’s about creating trust through structure — not just in transactions, but in every relationship we build.”
