Global Partners Announces Pipeline Connection Agreement Basin Transload Facility in Beulah, North Dakota to Establish Connection from Tesoro Logistics High Plains Pipeline System Business Wire WALTHAM, Mass. -- April 24, 2014 Global Partners LP (NYSE: GLP) today announced that Basin Transload, LLC, its 60% owned subsidiary, has executed a pipeline connection agreement with Tesoro High Plains Pipeline Company LLC, a subsidiary of Tesoro Logistics LP, (“Tesoro Logistics”) whereby Tesoro Logistics will build, own and operate a new 4.1-mile pipeline lateral from its Dunn Center Station to Basin Transload’s facility in Beulah, ND. Crude oil is expected to begin flowing to the Beulah destination in the fourth quarter of 2014, enhancing the facility’s ability to source product from a broader region. The Beulah facility includes 280,000 barrels of storage capacity and connects via direct long-haul service to the West and Gulf Coasts via BNSF. “Basin Transload’s agreement with Tesoro Logistics broadens the Beulah facility’s access to energy production in North Dakota,” said Eric Slifka, President and Chief Executive Officer of Global Partners. “The pipeline connection will augment the volume of crude currently being transported from the wellhead to Beulah. The addition of pipeline access enhances the ratability of the terminal.” About Global Partners LP A publicly traded master limited partnership, Global Partners LP is a midstream logistics and marketing company. Global owns, controls or has access to one of the largest terminal networks of refined petroleum products and renewable fuels in the Northeast, and is one of the largest distributors of gasoline, distillates, residual oil and renewable fuels to wholesalers, retailers and commercial customers in New England and New York. Global is a leader in the purchasing, selling and logistics of transporting domestic and Canadian crude oil and other products by rail across its “virtual pipeline” from the mid-continent region of the U.S. and Canada to the East and West Coasts for distribution to refiners and other customers. With a portfolio of approximately 900 locations primarily in the Northeast, Global also is one of the largest independent owners, suppliers and operators of gasoline stations and convenience stores. In addition, Global is a distributor of natural gas and propane. Global is No. 157 in the Fortune 500 list of America’s largest corporations. For additional information visit www.globalp.com. Forward-looking Statements This news release may contain forward-looking statements. Forward-looking statements include, without limitation, any statement that may project, indicate or imply future results, events, performance or achievements, and may contain the words “may,” “believe,” “should,” “could,” “expect,” “anticipate,” “plan,” “intend,” “estimate,” “will likely result,” or other similar expressions. In addition, any statement made by Global Partners LP’s management concerning ongoing business strategies or prospects and possible actions by Global Partners LP or its subsidiaries are also forward-looking statements. Although Global Partners LP believes these forward-looking statements are reasonable as and when made, there may be events in the future that Global Partners LP is not able to predict accurately or control, and there can be no assurance that future developments affecting Global Partners LP’s business will be those that it anticipates. For additional information about risks and uncertainties that could cause actual results to differ materially from the expectations Global Partners LP describes in its forward-looking statements, please refer to Global Partners LP’s Annual Report on Form 10-K for the year ended December 31, 2013 and subsequent filings the Partnership makes with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date on which they are made. Global Partners LP expressly disclaims any obligation or undertaking to update forward-looking statements to reflect any change in its expectations or beliefs or any change in events, conditions or circumstances on which any forward-looking statement is based. Contact: Global Partners LP Daphne H. Foster, 781-894-8800 Chief Financial Officer or Edward Faneuil, 781-894-8800 Executive Vice President General Counsel and Secretary
Global Partners Announces Pipeline Connection Agreement
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