HOUSTON, Oct. 20, 2016 (GLOBE NEWSWIRE) — 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.
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