Akfel Commodities Turkey Holding A.S.

Akfel is an energy conglomerate focused on sustainable growth, while creating enduring value for all of its stakeholders during two decades. Established in Istanbul since 1995, Akfel has played a significant role in the regional energy markets with its strategic partnerships. Akfel conducts its operations in energy commodity trading under Akfel Commodities Turkey Holding A.Ş., mainly for Eurasian and overseas markets. Akfel Commodities has the largest non-governmental market share in Turkey, with an annual trading volume of over 70 TWh. Furthermore, we have positioned ourselves uniquely in the South Eastern Europe gas market as a reliable gas supplier via multiple import channels. This is achieved through equity partnerships with leading global energy companies. To complement Akfel’s strength in oil&gas markets, we have been at the forefront of the development of the renewable energy market in Turkey and the CIS countries, with a strong portfolio that includes hydro power plants and photovoltaic electricity generation. In addition, Akfel engages in regional cross-border power transactions and is a major trader in Turkish power market. Akfel has an extensive international organization that not only strengthens its clout in different business lines, but also supports the group in its efforts to become a leading player in the global energy industry across the Eurasian region. As it celebrates its 20th year in business, Akfel’s competitive analytical strengths, its customer- and quality-focus, its continuous-improvement and a lifelong learning approach, its teamwork, its talent for coming up with unique solutions, and its commitment to multiculturalism are the essential elements that will continue to power the Akfel’s future growth performance.