Welcome to Buckeye Partners, L.P.

Welcome

Buckeye Partners, L.P. is a publicly traded partnership (NYSE: BPL) that owns and operates one of the largest independent refined petroleum products pipeline systems in the United States in terms of volumes delivered, with approximately 5,400 miles of pipeline; owns 64 active refined petroleum products terminals; operates and maintains approximately 2,400 miles of pipeline under agreements with major oil and chemical companies; owns a major natural gas storage facility in northern California; and markets refined petroleum products in certain of the geographic areas served by its pipeline and terminal operations.

Buckeye GP Holdings, L.P. (NYSE: BGH) owns and controls the general partner of Buckeye Partners. Please see the Buckeye GP Holdings website at www.buckeyegp.com for more information.

News

Buckeye Partners, L.P. Reports 2009 Fourth Quarter and Full Year results and Increases Distribution

Feb. 5, 2010...Buckeye Partners, L.P. (Buckeye) (NYSE: BPL) today reported net income attributable to Buckeye’s unitholders for the fourth quarter of 2009 of $77.7 million, or $1.17 per limited partner (LP) unit, compared to $54.1 million, or $0.89 per LP unit, for the fourth quarter of 2008. Net income attributable to Buckeye’s unitholders for the fourth quarter of 2009 included the reversal of $12.8 million of a previously recognized non-cash impairment expense as a result of the sale in January 2010 of a natural gas liquids (NGL) pipeline system, and the recognition of $2.9 million of additional restructuring charges. Combined, these special items increased net income by $9.9 million, or $0.14 per LP unit, for the fourth quarter of 2009.

Buckeye Partners, L.P. to Hold 2009 Fourth-Quarter Earnings Release and Conference Call

January 29, 2010 . . .Buckeye Partners, L.P. (NYSE: BPL) and Buckeye GP Holdings L.P. (NYSE: BGH) plan to release 2009 fourth-quarter earnings for both companies on Feb. 5, 2010. Interested parties are invited to listen to the scheduled webcast of a joint conference call on 2009 fourth-quarter financial results.

Buckeye Partners Completes Sale of NGL Pipeline System

January 28, 2010 . . .Buckeye Partners, L.P. announced today that it has completed the sale of its natural gas liquids (NGL) pipeline system to DCP Midstream Partners for $22 million in cash. The system transports NGLs from natural gas processing plants located in the Denver-Julesberg producing basin of northern Colorado to central Kansas.

BPL Reports 2009 Third Quarter Results and Increases Quarterly Distribution

November 2, 2009 . . . Buckeye Partners, L.P. (“Buckeye”)(NYSE: BPL) today reported its financial results for the third quarter of 2009. Net income attributable to Buckeye’s unitholders for the third quarter of 2009 was $57.9 million, or $0.89 per limited partner (“LP”) unit, compared to $46.6 million, or $0.75 per LP unit, for the third quarter of 2008. Net income attributable to Buckeye’s unitholders before special charges (as defined below) for the third quarter of 2009 was $58.9 million, or $0.90 per LP unit. Buckeye recorded special charges of $1.0 million for organizational restructuring in the third quarter of 2009.

Buckeye Partners to Acquire Refined Product Pipelines and Terminals in Key Midwest Markets

October 22, 2009 . . . Buckeye Partners, L.P. (NYSE: BPL) has signed an agreement with ConocoPhillips (NYSE: COP) to purchase three refined-product storage and distribution terminals and two refined-product pipelines and associated storage tanks in the Chicago and St. Louis areas.