Buckeye Partners (BPL) Updates on Operations Following Hurricane Matthew; Says Safety Measures Were Effective

October 10, 2016 10:04 AM EDT

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Buckeye Partners, L.P. (“Buckeye”) (NYSE: BPL) announced 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.

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