Buckeye Partners, L.P. Provides Update on Hurricane Matthew Recovery and Service Restoration
October 20 2016 - 1:31PM
Buckeye Partners, L.P. (“Buckeye”) (NYSE:BPL) announced today that
significant progress has been made to safely restore operations in
the wake of Hurricane Matthew.
Buckeye Bahamas Hub has restored service to its
marine operations with four berths available and minimal
operational restrictions. The company expects the four
remaining berths to be available by the end of October.
Buckeye Bahamas Hub confirms there were no injuries or significant
release of product as a result of the storm. “The Buckeye
team has been focused on assessing and repairing the moderate
damage caused by Hurricane Matthew,” said Khalid A. Muslih,
President, Global Marine Terminals. “I am extremely proud of
the efforts of all of our employees and contractors and their
commitment to safety as they worked diligently and quickly to bring
our facility back online.” The company is still evaluating
the financial impact of the storm but does not expect such costs to
be material.
Domestic operations have fully recovered and
business has safely resumed at its southeast US facilities
including Fort Lauderdale Terminal, Everglades Pipe Line,
Jacksonville Terminal, Charleston Terminal and Wilmington
Terminals. No injuries, damage or product release was
reported at these facilities.
Buckeye and its employees are an integral part
of the communities in which it operates. The company’s
primary concern is the safety of its employees, the public and the
environment. “We recognize that the island of Grand Bahama
was significantly impacted by Hurricane Matthew,” continued Mr.
Muslih. “We have seen the hardships endured by our employees,
their families, neighbors and communities and have been heartened
by how all have come together to respond to this storm.
Buckeye wanted to do our part and our team members delivered
food, water, supplies and electrical generators to residents of
Grand Bahama.” In addition, Buckeye made a meaningful
contribution to the Bahamas National Emergency Management
Administration to assist with relief efforts in the Bahamas with a
focus on Grand Bahama.”
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 110 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 J. Goodwin
Vice President and Treasurer
irelations@buckeye.com
(800) 422-2825
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