Valero L.P. to Announce Fourth Quarter 2005 Earnings Results January 30

Valero L.P. (NYSE:VLI) today announced that it will host
a conference call Monday, January 30, 2006 at 3:00 p.m. CT to discuss
fourth quarter 2005 earnings results, which will be released earlier
that day, and provide an update on partnership operations. The
conference call may be accessed by dialing 800-622-7620, reservation
passcode 3988266. International callers may access the conference call
by dialing 706-645-0327, passcode 3988266. The company intends to have
a playback available following the conference call and may be accessed
by calling 800-642-1687, reservation passcode 3988266. International
callers may access the playback by calling 706-645-9291, reservation
passcode 3988266.
   Persons interested in listening to the presentation live via the
Internet may log on to Valero L.P.'s web site at www.valerolp.com.
   Valero L.P. is a master limited partnership based in San Antonio,
with 9,150 miles of pipeline, 94 terminal facilities and four crude
oil storage facilities. One of the largest terminal and independent
petroleum liquids pipeline operators in the nation, the partnership
has terminal facilities in 25 U.S. states, Canada, Mexico, the
Netherlands Antilles, the Netherlands, Australia, New Zealand and the
United Kingdom. The partnership's combined system has approximately
77.6 million barrels of storage capacity, and includes crude oil and
refined product pipelines, refined product terminals, petroleum and a
specialty liquids storage and terminaling business, as well as crude
oil storage tank facilities.
   For more information, visit Valero L.P.'s web site at
www.valerolp.com.