Minerva Bunkering controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
Back to profile1 entries
2018
Aegean accounting controversy and Chapter 11 restructuring
An October 2018 audit at Aegean Marine Petroleum Network identified substantial accounting problems, reported in the reference material at approximately US$300 million. Aegean entered Chapter 11 proceedings in November 2018, and its restructuring ultimately transferred ownership of the reorganized company to Mercuria. The issue concerned Minerva Bunkering's predecessor and became a central event in the formation of the Minerva platform.