2011-06-20-2011-06-02-2011-06-02

Purchased 33 refined petroleum products terminals & 650 miles of refined petroleum products pipeline in the Midwestern, southeastern, & Western U.S.

Buckeye Partners LP, Houston, (NYSE: BPL) has completed the purchase of 33 refined petroleum products terminals and 650 miles of refined petroleum products pipeline from BP North America Inc., a subsidiary of BP Plc, London, (London, NYSE: BP) and its affiliates for $165 million.

The terminal and pipeline assets are located in the Midwestern, southeastern, and Western U.S., further extending Buckeye's operations into new geographic markets. This acquisition includes more than 10 million barrels of storage capacity, increasing Buckeye's total liquid petroleum storage capacity by approximately 19% to over 63 million barrels. BP will continue to be a key customer at these facilities under multi-year throughput commitments.