Buckeye Partners LP owns and operates a network of assets providing midstream logistic solutions, which consists of the transportation, storage, processing and marketing of liquid petroleum products. It operates its business through the following segments: Domestic Pipelines and Terminals, Global Marine Terminals, and Merchant Services. The Domestic Pipelines and Terminals segment transports liquid petroleum products from refineries, connecting pipelines, vessels, and bulk and marine terminals. The Global Marine Terminals segment provides marine accessible bulk storage and blending services, and rail and truck rack loading or unloading along with petroleum processing services. The Merchant Services segment is a wholesale distributor of refined petroleum products. The company was founded in March 1886 and is headquartered in Houston, TX.