BUCKEYE EXECUTIVE UPDATES AMBASSADOR ON FREEPORT PETROLEUM STORAGE OPERATIONS

Posted on: August 5, 2016

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WASHINGTON, D.C. — Mr. Steven E. Some, Director of Government Relations with Buckeye Partners L.P., headquartered in Breinigsville, Pennsylvania, updated His Excellency Dr. Eugene Newry, Bahamas Ambassador to the United States, on his company’s petroleum storage operations in Freeport, Grand Bahamas, during a visit to The Bahamas Embassy, 2220 Massachusetts Avenue, N.W., on Tuesday, August 2, 2016.

Mr. Some was accompanied by Ms. Mona Mohib, Vice President, Federal Public Affairs Group, McGuire Woods Consulting, based in Washington, D.C.

Buckeye L.P. purchased the facility in Freeport formerly known as BORCO in 2011 and since then Buckeye Bahamas Hub “has provided customers with best in class petroleum storage and blending services,” according to the company’s website.

“With a convenient Caribbean location Buckeye Bahamas Hub offers customers economical alternatives and unmatched flexibility,” the website notes. “Buckeye Bahamas Hub is the leading hub in the Caribbean region and the largest petroleum products terminal in the Western Hemisphere.”

It currently has “over 26 million barrels of storage capacity and 8 berths, including 2 VLCC-capable berths,” the website adds. “Storage includes capacity for crude oil, fuel oil and VGO, diesel fuel, and gasoline and components. These products are imported from locations around the world and stored or blended at Buckeye Bahamas Hub for export, including to regional consumers, key import locations in the Americas, and long-haul markets in Asia. Due to the scale of the location, Buckeye Bahamas Hub is ideally suited for blending, transshipping, and terminalling operations for global trade flows.

Additionally, the website says, Buckeye Bahamas Hub “provides certain import and export advantages for our customers, as it is situated within the Grand Bahama Port Authority Freeport Free Trade Zone area and thus imports to the facility are granted exemption from customs duties.”

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His Excellency Dr. Eugene Newry (right), Bahamas Ambassador to the United States, is pictured with Mr. Steven E. Some, Director of Government Relations with Buckeye Partners L.P., and Ms. Mona G. Mohib, Vice President, Federal Public Affairs Group, McGuire Woods Consulting.



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