It quickly absorbed the larger Aegean Marine Petroleum Network (AMPNI), a public company listed on the New York Stock Exchange, when Aegean was acquired by Mercuria, and Minerva Bunkers, another subsidiary of Mercuria founded in 2014 Roots of Minerva Bunkering go back to Aegean Marine Petroleum Network (AMPNI), established in 1995 by Dimitris Melissanidis in Piraeus, Greece,[1] and Minerva Bunkers Pte Ltd., established in December 2014 by Mercuria in Singapore.

[4][5] Aegean Marine Petroleum Network started to operate with one bunkering station in the Port of Piraeus.

[1] In October 2018, an audit revealed substantial accounting problems at Aegean, to the tune of US$300 million.

[1][8] Aegean Marine commenced its Chapter 11 process in November 2018, reorganizing in order to improve its liquidity.

Under the terms of the restructuring deal, Mercuria Energy Group received 100% of the common equity of the reorganized company.