Buckeye Partners, L.P. to Offer Limited Partnership Units

Buckeye Partners, L.P. to Offer Limited Partnership Units

HOUSTON, Jan. 23, 2013 (GLOBE NEWSWIRE) -- Buckeye Partners, L.P. ("Buckeye")
(NYSE:BPL) announced today that it has commenced a public offering of
6,000,000 limited partnership units representing limited partner interests
("LP Units") pursuant to an effective shelf registration statement. Buckeye
expects to grant the underwriters an option to purchase up to 900,000
additional LP Units. Buckeye intends to use the net proceeds from this
offering to reduce the indebtedness outstanding under its revolving credit
facility.

Barclays, Citigroup, Morgan Stanley, Wells Fargo Securities, Deutsche Bank
Securities, J.P. Morgan, and UBS Investment Bank are acting as joint
book-running managers of the LP Unit offering.

This news release does not constitute an offer to sell or a solicitation of an
offer to buy the securities described herein, nor shall there be any sale of
these securities in any state or jurisdiction in which such an offer,
solicitation, or sale would be unlawful prior to registration or qualification
under the securities laws of any such jurisdiction. The offering may be made
only by means of a prospectus supplement and accompanying base prospectus.

Copies of the prospectus supplement and accompanying base prospectus related
to this offering may be obtained from: Barclays, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by email at
barclaysprospectus@broadridge.com, or by telephone at (888) 603-5847;
Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, New York 11717, by email at batprospectusdept@citi.com, or by
telephone at (800) 831-9146; Morgan Stanley, Attention: Prospectus Department,
180 Varick Street, 2nd Floor, New York, New York 10014, by email at
prospectus@morganstanley.com, or by telephone at (866) 718-1649; Wells Fargo
Securities, Attention: Equity Syndicate Dept, 375 Park Avenue, New York, NY
10152, by email at cmclientsupport@wellsfargo.com, or by telephone at (800)
326-5897; Deutsche Bank Securities, Attention: Prospectus Group, 60 Wall
Street, New York, New York 10005, by email at prospectus.CPDG@db.com, or by
telephone at (800) 503-4611; J.P. Morgan, c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood, New York 11717 or by telephone at (866)
803-9204; or UBS Investment Bank, Attention: Prospectus Dept., 299 Park
Avenue, New York, New York 10171 or by telephone at (877) 827-6444, ext. 561
3884. You may also obtain these documents for free by visiting EDGAR on the
SEC website at www.sec.gov.

Buckeye Partners, L.P. (NYSE:BPL) is a publicly traded master limited
partnership that owns and operates one of the largest independent liquid
petroleum products pipeline systems in the United States in terms of volumes
delivered, with over 6,000 miles of pipeline. Buckeye also owns approximately
100 liquid petroleum products terminals with aggregate storage capacity of
over 70 million barrels. In addition, Buckeye operates and/or maintains
third-party pipelines under agreements with major oil and gas and chemical
companies, owns a high-performance natural gas storage facility in Northern
California, and markets liquid petroleum products in certain regions served by
its pipeline and terminal operations. Buckeye's flagship marine terminal in
The Bahamas, BORCO, is one of the largest crude oil and petroleum products
storage facilities in the world, serving the international markets as a
premier global logistics hub.

This press release includes forward-looking statements that we believe to be
reasonable as of today's date. Such statements are identified by use of the
words "anticipates," "believes," "estimates," "expects," "intends," "plans,"
"predicts," "projects," "should," and similar expressions. Actual results may
differ significantly because of risks and uncertainties that are difficult to
predict and that may be beyond our control.Among them are (i)changes in
federal, state, local, and foreign laws or regulations to which we are
subject, including those governing pipeline tariff rates and those that permit
the treatment of us as a partnership for federal income tax purposes,
(ii)terrorism, adverse weather conditions, including hurricanes,
environmental releases, and natural disasters, (iii)changes in the
marketplace for our products or services, such as increased competition,
better energy efficiency, or general reductions in demand, (iv)adverse
regional, national, or international economic conditions, adverse capital
market conditions, and adverse political developments, (v)shutdowns or
interruptions at our pipeline, terminal, and storage assets or at the source
points for the products we transport, store, or sell, (vi)unanticipated
capital expenditures in connection with the construction, repair, or
replacement of our assets, (vii)volatility in the price of refined petroleum
products and the value of natural gas storage services, (viii)nonpayment or
nonperformance by our customers, (ix)our ability to integrate acquired assets
with our existing assets and to realize anticipated cost savings and other
efficiencies and benefits, and (x)an unfavorable outcome with respect to the
proceedings pending before FERC regarding Buckeye Pipe Line Company, L.P.'s
tariff rates.You should read our filings with the U.S. Securities and
Exchange Commission, including our Annual Report on Form 10-K for the year
ended December 31, 2011 and our most recently filed Quarterly Report on Form
10-Q, for a more extensive list of factors that could affect results.We
undertake no obligation to revise our forward-looking statements to reflect
events or circumstances occurring after today's date.

CONTACT: Kevin J. Goodwin
         Senior Director, Investor Relations
         Irelations@buckeye.com
         (800) 422-2825