PIRAEUS, Greece, Oct. 17, 2008 --  Aegean Marine Petroleum Network Inc. has announced that it will be establishing business operations in Trinidad and Tobago, expanding its presence to the southern Caribbean.  Aegean is in the process of setting up its local logistics infrastructure and expects to commence operations by the end-of-the first quarter, 2009.

E. Nikolas Tavlarios, President, commented, "We are pleased to once again expand Aegean's global platform by entering into a strategically important market.  Trinidad and Tobago, located in the southern Caribbean and bordering the northeast coast of South America, is a significant transshipment hub which lies along major shipping lanes connecting South America to the Panama Canal, Caribbean, and the U.S. Gulf.  Ships sailing through these waters encompass all sectors of the industry, including tanker, container, general cargo, drybulk, chemical, and gas carrier." 

Mr. Tavlarios continued, "We believe Aegean's leading reputation for providing quality product and service, successful track record in developing new markets, and expansive logistics infrastructure will help establish Trinidad and Tobago as a major bunkering destination in the southern Caribbean.  Trinidad and Tobago is a party to the IMO MARPOL Regulation and requires all bunkering tankers entering the market to be double-hull." 

Mr. Tavlarios concluded, "Including Trinidad and Tobago, Aegean will now be in 12 markets around the globe increasing its global dominance in the physical supply of marine fuel.  With its expanding infrastructure of double-hull vessels and strong balance sheet, Aegean remains poised to take advantage of industry fundamentals and drive long-term sales volume growth."

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.  As a physical supplier, the Company purchases marine fuel from refineries, major oil producers and other sources.  The Company sells and delivers these fuels to a diverse group of ocean-going and coastal ship operators and marine fuel traders, brokers and other users through its service centers in Greece, Gibraltar, Singapore, Jamaica, the United Arab Emirates, Northern Europe, West Africa, the United Kingdom and North

America.

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 projections.

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.