Tesoro Logistics LP : Tesoro Logistics LP Announces Intention to Offer $300 Million of Senior Notes

 Tesoro Logistics LP : Tesoro Logistics LP Announces Intention to Offer $300
                           Million of Senior Notes

SAN ANTONIO - July 29, 2013 - Tesoro Logistics LP (the "Partnership")
(NYSE:TLLP) today announced that it intends to offer $300 million aggregate
principal amount of senior notes due 2021. The Partnership intends to use the
proceeds from the offering to repay a portion of the amounts outstanding under
its revolving credit facility, which amounts were used to fund a portion of
the Partnership's acquisition of six marketing and storage terminals located
in Southern California and certain assets and properties related thereto from
Tesoro Refining & Marketing Company LLC, a subsidiary of Tesoro Corporation.

The notes will be offered in a private placement and are expected to be resold
by the initial purchasers to qualified institutional buyers under Rule 144A
and Regulation S under the Securities Act of 1933, as amended (the "Securities
Act"). The offer of the notes will be made only by means of an offering
memorandum to qualified investors and has not been registered under the
Securities Act, and the notes may not be offered or sold in the United States
absent registration under the Securities Act or an applicable exemption from
the registration requirements of the Securities Act.

This press release is being issued pursuant to Rule 135c under the Securities
Act, and is neither an offer to sell nor a solicitation of an offer to buy any
securities and shall not constitute an offer to sell or a solicitation of an
offer to buy, or a sale of any securities in any jurisdiction in which such
offer, solicitation or sale is unlawful.

About Tesoro Logistics LP
Tesoro Logistics LP, headquartered in San Antonio, Texas, is a fee-based,
growth-oriented Delaware limited partnership formed by Tesoro Corporation to
own, operate, develop and acquire crude oil and refined products logistics

This press release includes "forward-looking statements" within the meaning of
Section 27A of the Securities Act and Section 21E of the Securities Exchange
Act of 1934, as amended. You can identify forward-looking statements by the
use of words such as "may," "should," "could," "estimates," "predicts,"
"potential," "continue," "anticipates," "believes," "plans," "expects,"
"future" and "intends" and similar expressions which are intended to identify
forward-looking statements. These statements are not guarantees of future
performance and are subject to risks, uncertainties and other factors, some of
which are beyond the Partnership's control and difficult to predict. In
evaluating forward-looking statements, you should carefully consider the risks
and uncertainties described in the "Risk Factors" section or other sections in
the Partnership's Annual Report on Form 10-K filed on February 28, 2013 and
Quarterly Report on Form 10-Q filed on May 5, 2013. All forward-looking
statements attributable to the Partnership or persons acting on the
Partnership's behalf are expressly qualified in their entirety by these
cautionary statements and risk factors. Forward-looking statements contained
in this press release reflect the Partnership's view only as of the date of
this press release. The Partnership undertakes no obligation, other than as
required by law, to update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.

Chris Castro, Investor Relations Manager, (210) 626-7202

Tesoro Media Relations, media@tsocorp.com, (210) 626-7702


This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.

Source: Tesoro Logistics LP via Thomson Reuters ONE
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