Aegean Marine Petroleum Network Inc. Announces Expansion Plans in Panama

Aegean Marine Petroleum Network Inc. ANW today announced it has been awarded a 20-year concession by the Panamanian Maritime Authority to operate onshore storage facilities in the ports of Cristobal and Balboa in Panama on an exclusive basis. The award is subject to the fulfillment of certain conditions by the Company and completion of definitive documentation with the appropriate Panamanian authorities. In addition, the Company has been pursuing the necessary approvals and, subject to receipt of such approvals, expects to commence physical supply operations in both Cristobal and Balboa by the end of the second quarter of 2011.