Aegean Marine Petroleum Inc. Completes Acquisition Of Hess Corporation's U.S. East Coast Bunkering Business

Aegean Marine Petroleum Inc. Completes Acquisition Of Hess Corporation's U.S.
                        East Coast Bunkering Business

PR Newswire

PIRAEUS, Greece, Dec. 19, 2013

PIRAEUS,Greece, Dec. 19, 2013 /PRNewswire/ -- Aegean Marine Petroleum
Network Inc. (NYSE: ANW) ("Aegean" or the "Company") today announced the
completion of the previously announced acquisition of the U.S. East Coast
bunkering business of Hess Corporation (NYSE: HES).

The transaction, which includes bunkering operations that averaged 1.8 million
metric tons in annual sales over the past three years, is valued at $30
million plus the value of the purchased inventory and also includes
approximately 250,000 cubic meters of leased tank storage. This acquisition
marks Aegean's entry into supplying customers in the U.S. and will enable
Aegean to meaningfully expand its global full-service marine fuel platform and
increase its exposure to U.S. clients worldwide, including leading cruise
lines. Aegean expects to utilize these bunkering operations and associated
assets to supply the heavily trafficked ports of New York, Philadelphia,
Baltimore, Norfolk and Charleston.

"The completion of this acquisition marks another important milestone in
Aegean's history," said E.Nikolas Tavlarios, President of Aegean Marine
Petroleum Network. "Our strategy to leverage our unique business model across
geographies to accelerate profitable growth is continuing to deliver results.
By utilizing Hess Corporation's established infrastructure, we believe we are
well positioned to optimize these assets, grow Aegean's revenues and further
build upon our brand and service capabilities as we extend our reach to new
U.S. clients. We believe this transaction will create meaningful value for all
of our stakeholders and we look forward to commencing operations immediately."

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
22 markets, includingVancouver,Montreal, Mexico,Jamaica,Trinidad and
Tobago,Gibraltar, U.K.,Northern Europe, Piraeus, Patras, theUnited Arab
Emirates,Singapore, Morocco, theAntwerp-Rotterdam-Amsterdam(ARA)
region,Las Palmas, Tenerife,Cape Verde,Panama,Hong Kong, Barcelona,
Algeciras and the U.S. East Coast. The Company has also entered into a
strategic alliance to extend its global reach toChina. 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 on Form 20-F, Form 6-K and otherwise for a more complete
discussion of these and other risks and uncertainties.

SOURCE Aegean Marine Petroleum Network Inc.

Contact: Aegean Marine Petroleum Network Inc., (203) 595-5184,
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