Statement From Buckeye Partners, L.P. Regarding Hurricane Matthew

Buckeye Partners, L.P. (“Buckeye”) (NYSE:BPL) announced today that the emergency safety precautions implemented by the company to prepare its U.S. Southeast coast and Caribbean facilities for Hurricane Matthew were effective in mitigating the storm’s impact on its assets.

Although Buckeye emergency response teams are continuing to assess and inspect its facilities for damage, the company is pleased to report that no employees have been injured nor have there been any significant releases of product. 

Buckeye has implemented its hurricane recovery protocols at Buckeye Bahamas Hub, Fort Lauderdale Terminal, Everglades Pipe Line, Jacksonville Terminal, Charleston Terminal, and Wilmington Terminals with the intention of resuming full operations at these facilities as quickly and as safely as possible.  Buckeye expects to resume domestic operations early this week and is determining a timetable for the resumption of operations at Buckeye Bahamas Hub.

Buckeye continues to work closely with local and national public safety officials and agencies in the U.S. and the Bahamas to respond to the aftermath of Hurricane Matthew. 

Buckeye and its employees are an integral part of the communities in which we operate. Our primary concern is the safety of our employees, the public and the environment.  Buckeye is working to assist employees impacted by Hurricane Matthew and is making financial contributions to organizations to assist with relief efforts in the U.S. and the Bahamas.

About Buckeye Partners, L.P.

Buckeye Partners, L.P. (NYSE:BPL) is a publicly traded master limited partnership and owns and operates a diversified network of integrated assets providing midstream logistic solutions, primarily consisting of the transportation, storage, 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 perform certain engineering and construction services for its customers.  Additionally, Buckeye is one of the largest independent terminalling and storage operators in the United States in terms of capacity available for service.  Buckeye’s terminal network comprises more than 120 liquid petroleum products terminals with aggregate storage capacity of over 115 million barrels across our portfolio of pipelines, inland terminals and marine terminals located primarily in the East Coast and Gulf Coast regions of the United States and in the Caribbean.  Buckeye’s network of marine terminals enables it to 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 storage and blending hubs.  Buckeye’s 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 recent expansion into the Gulf Coast has added another regional hub with world-class marine terminalling, storage and processing capabilities.  Buckeye is also a wholesale distributor of refined petroleum products in areas served by its pipelines and terminals.  More information concerning Buckeye can be found at www.buckeye.com.

 

Contact:
David Boone
Public Information Officer
(610)  904-4401

Kevin Goodwin 
Vice President and Treasurer 
[e-mail] 
[phone]