Aegean Marine Petroleum Network Inc. Announces Repurchase Program For Up To One Million Shares

 Aegean Marine Petroleum Network Inc. Announces Repurchase Program For Up To
                              One Million Shares

PR Newswire

PIRAEUS, Greece, Nov. 20, 2012

PIRAEUS, Greece, Nov. 20, 2012 /PRNewswire/ --Aegean Marine Petroleum Network
Inc. (NYSE: ANW) today announced that its Board of Directors has approved a
continuation of its share repurchase program for up to a total of one million
shares of the Company's common stock. The Board will review the program after
a period of 12 months. Share repurchases will be made from time to time for
cash in open market transactions at prevailing market prices or in privately
negotiated transactions. The timing and amount of purchases under the program
will be determined by management based upon market conditions and other

The program does not require the Company to purchase any specific number or
amount of shares and may be suspended or reinstated at any time in the
Company's discretion and without notice. Purchases will be subject to
restrictions under Aegean's senior secured revolving credit facilities.

About Aegean Marine Petroleum Network Inc.
Aegean Marine Petroleum Network Inc. is an international marine fuel logistics
company that markets and physically supplies refined marine fuel and
lubricants to ships in port and at sea. The Company procures product from
various sources (such as refineries, oil producers, and traders) and resells
it to a diverse group of customers across all major commercial shipping
sectors and leading cruise lines. Currently, Aegean has a global presence in
20 markets, including Vancouver, Montreal, Mexico, Jamaica, Trinidad and
Tobago, West Africa, Gibraltar, U.K., Northern Europe, Piraeus, Patras, the
United Arab Emirates, Singapore, Morocco, the Antwerp-Rotterdam-Amsterdam
(ARA) region, Las Palmas, Tenerife, Cape Verde, Panama and Hong Kong, and
plans to commence operations in Barcelona, Spain during the first quarter of
2013. The Company has also entered into a strategic alliance to extend its
global reach to China. To learn more about Aegean, visit

Cautionary Statement Regarding Forward-Looking Statements
Matters discussed in this press release may constitute forward-looking
statements. The Private Securities Litigation Reform Act of 1995 provides
safe harbor protections for forward-looking statements in order to encourage
companies to provide prospective information about their business.
Forward-looking statements include statements concerning plans, objectives,
goals, strategies, future events or performance, and underlying assumptions
and other statements, which are other than statements of historical facts.

The Company desires to take advantage of the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995 and is including this
cautionary statement in connection with this safe harbor legislation. The
words "believe," "intend," "anticipate," "estimate," "project," "forecast,"
"plan," "potential," "may," "should," "expect" and similar expressions
identify forward-looking statements. The forward-looking statements in this
press release are based upon various assumptions, many of which are based, in
turn, upon further assumptions, including without limitation, our management's
examination of historical operating trends, data contained in our records and
other data available from third parties. Although we believe that these
assumptions were reasonable when made, because these assumptions are
inherently subject to significant uncertainties and contingencies which are
difficult or impossible to predict and are beyond our control, we cannot
assure you that we will achieve or accomplish these expectations, beliefs or

In addition to these important factors, other important factors that, in our
view, could cause actual results to differ materially from those discussed in
the forward-looking statements include our ability to manage growth, our
ability to maintain our business in light of our proposed business and
location expansion, our ability to obtain double hull secondhand bunkering
tankers, the outcome of legal, tax or regulatory proceedings to which we may
become a party, adverse conditions in the shipping or the marine fuel supply
industries, our ability to retain our key suppliers and key customers,
material disruptions in the availability or supply of crude oil or refined
petroleum products, changes in the market price of petroleum, including the
volatility of spot pricing, increased levels of competition, compliance or
lack of compliance with various environmental and other applicable laws and
regulations, our ability to collect accounts receivable, changes in the
political, economic or regulatory conditions in the markets in which we
operate, and the world in general, our failure to hedge certain financial
risks associated with our business, our ability to maintain our current tax
treatments and our failure to comply with restrictions in our credit
agreements and other factors. Please see our filings with the Securities and
Exchange Commission for a more complete discussion of these and other risks
and uncertainties.

SOURCE Aegean Marine Petroleum Network Inc.

Contact: Aegean Marine Petroleum Network Inc., +1-212-763-5665,; Investor Relations: Leon Berman, Principal, The IGB Group,
Press spacebar to pause and continue. Press esc to stop.