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Mon 9 Jan 2012, 10:31 GMT

First vessel call at new BORCO jetty


First ship arrives at the new offshore oil terminal jetty in the Bahamas.



Buckeye Partners, L.P. has announced the arrival of the first vessel to call at the newly constructed offshore jetty at BORCO, Buckeye's marine terminal in the Bahamas.

The new jetty can handle a range of vessels up to VLCC-size liquid petroleum tankers. It has two berths (Berth 5 and 6) that are capable of loading and offloading fuel oil, clean petroleum products and crude oil. BORCO's terminal tank farm, inland dock berths and two other offshore jetties are connected to the new jetty, allowing the jetty to perform transshipment operations. The commissioning of this jetty provides BORCO with six fully functioning offshore berths.

Commenting on the new jetty, Clark C. Smith, Buckeye's President and Chief Operating Officer said: "Berths 5 and 6 on the new jetty are instrumental in providing customers additional access to our storage facilities, adding a second berth with the capability of handling petroleum tankers up to VLCC size."

"The completion of this new jetty represents a major milestone for Buckeye as we continue with the previously-announced expansion project at our BORCO marine terminal facility. In addition, consistent with the terminal expansion at BORCO, this new jetty has been designed with upgraded structural and technological features to allow significant improvements in load and discharge rates. "

Buckeye also owns more than 100 liquid petroleum products terminals with aggregate storage capacity of approximately 64 million barrels, operates approximately 3,400 miles of pipeline under agreements with major oil 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 oil and petroleum products storage facilities in the world, serving the international markets as a premier global logistics hub.


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