Aegean Marine Petroleum Network Inc. Announces New $100 Million Credit Facility

Increases Total Credit Facilities to $420 Million

PIRAEUS, Greece, Dec. 14 /PRNewswire-FirstCall/ -- Aegean Marine Petroleum Network Inc. (NYSE: ANW) today announced it has signed a new $100 million secured credit facility and letter of credit with BNP Paribas. The facility is a one year uncommitted trade finance facility that the Company considers to have competitive pricing.

E. Nikolas Tavlarios, President, commented, "Our new $100 million credit facility significantly increases Aegean's access to capital during a challenging credit environment and further expands our relationships with global lending institutions. With this agreement, our Company now has a total of $420 million in working capital credit facilities under favorable terms. We intend to utilize our considerable financial liquidity, a key competitive advantage for Aegean, to increase market share in our 14 existing locations and capitalize on additional consolidation opportunities that meet management's strict return criteria. In accomplishing these strategic objectives, we expect to grow future sales volumes and strengthen Aegean's leading brand for the global supply of marine fuel."

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 14 markets, including Vancouver, Montreal, Mexico, Jamaica, Trinidad and Tobago, West Africa, Gibraltar, U.K., Northern Europe, Piraeus, Patras, the United Arab Emirates, Singapore as well as Tangiers, Morocco.

Source: Aegean Marine Petroleum Network Inc.