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BPL Buckeye Partners LP

41.46
0.00 (0.00%)
Pre Market
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Buckeye Partners LP NYSE:BPL NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 41.46 0 00:00:00

Buckeye Provides Buckeye Bahamas Hub Hurricane Dorian Impact Update

06/09/2019 7:40pm

GlobeNewswire Inc.


Buckeye Partners (NYSE:BPL)
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From Dec 2019 to Dec 2024

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Buckeye Partners, L.P. (“Buckeye”) (NYSE: BPL) today reported that it has now accounted for all employees at its Buckeye Bahamas Hub (BBH) facility and continues its focus on relief and recovery. An initial delivery of supplies and other resources, including food, clothing, hygiene stations, and temporary housing, for those BBH employees and their immediate families in need is commencing, and such support and relief efforts will continue in the days ahead. “The health and well-being of all our employees and the community where we operate are Buckeye’s top priority. Given the unprecedented nature of Hurricane Dorian and its devastating impact to the residents of Freeport/Grand Bahama Island, Buckeye has also communicated our commitment to relief efforts to the Government of The Bahamas,” stated Clark C. Smith, Chairman, President and Chief Executive Officer.

With respect to BBH operations, facility inspections continue following Hurricane Dorian. Initial assessments found minor damage to the facility from wind and rain, and no indications of any product release. A complete assessment of storm impacts to the facility is currently being undertaken. Buckeye continues to communicate with its customers regarding timelines for the safe resumption of partial operations. “We are grateful and relieved that all of our personnel are accounted for and safe,” said Khalid A. Muslih, Executive Vice President and President of Buckeye’s Global Marine Terminals. “Along with our relief and employee support efforts, we are now concentrating on restoring safe operations at BBH as soon as possible.”

Buckeye will continue to provide updates as more information becomes available.

About Buckeye Partners, L.P.

Buckeye Partners, L.P. (NYSE: BPL) is a publicly traded master limited partnership which owns and operates a diversified global network of integrated assets providing midstream logistic solutions, primarily consisting of the transportation, storage, processing and marketing of liquid petroleum products. Buckeye is one of the largest independent liquid petroleum products pipeline operators in the United States in terms of volumes delivered, with approximately 6,000 miles of pipeline. Buckeye also uses its service expertise to operate and/or maintain third-party pipelines and terminals and perform certain engineering and construction services for its customers. Buckeye’s global terminal network comprises more than 115 liquid petroleum products terminals with aggregate tank capacity of over 118 million barrels across our portfolio of pipelines, inland terminals and marine terminals located primarily in key petroleum logistics hubs in the East Coast, Midwest and Gulf Coast regions of the United States as well as in the Caribbean. Buckeye’s terminal assets facilitate global flows of crude oil and refined petroleum products, offering its customers connectivity between supply areas and market centers through some of the world’s most important bulk liquid storage and blending hubs. Buckeye’s wholly owned flagship marine terminal in The Bahamas, Buckeye Bahamas Hub, is one of the largest marine crude oil and refined petroleum products storage facilities in the world and provides an array of logistics and blending services for the global flow of petroleum products. Buckeye’s Gulf Coast regional hub, Buckeye Texas Partners, offers world-class marine terminalling, storage and processing capabilities. Buckeye is also a wholesale distributor of refined petroleum products in certain areas served by its pipelines and terminals. More information concerning Buckeye can be found at www.buckeye.com.

Contact:Kevin J. GoodwinVice President & Treasurerirelations@buckeye.com(800) 422-2825

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