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Global Partners Announces Crude Oil Transportation Agreement with Meadowlark Midstream Company

June 11, 2014

WALTHAM, Mass.--(BUSINESS WIRE)--Jun. 11, 2014-- Global Partners LP (NYSE: GLP) today announced that it has entered into an agreement with Meadowlark Midstream Company, LLC (“Meadowlark”) whereby Meadowlark will build, own and operate new a crude oil transportation system. When completed, the system will include a truck unloading station with 55,000 barrels of tankage on Meadowlark’s Divide Gathering System, as well as a 47-mile pipeline serving Global’s crude oil storage facility at Basin Transload’s Columbus rail loading terminal in Burke County, North Dakota. Crude oil delivered to this rail terminal has single line haul rail access to Global’s Albany, NY terminal and can also access other rail-serviced terminals throughout the United States. The project is expected to be operational by the second quarter of 2015.

In connection with this agreement, Global has commenced construction of an additional 176,000 barrels of tankage at the Columbus facility, which will bring total capacity to 446,000 barrels.

“The crude oil transportation system being developed by Meadowlark further expands our gathering capabilities in the Bakken region, providing our customers with even greater access to refineries and other downstream distribution points on both the East and West Coasts,” said Eric Slifka, Global’s president and chief executive officer. “This agreement reflects our continuing strategy to optimize the operations of our mid-continent assets through infrastructure connection projects that provide optionality for moving product to the highest-value markets nationwide.”

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. 146 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.

Source: Global Partners LP

Global Partners LP
Daphne H. Foster, 781-894-8800
Chief Financial Officer
or
Global Partners LP
Edward Faneuil, 781-894-8800
Executive Vice President,
General Counsel and Secretary

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