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Blueknight Statement on Federal Energy Regulatory Commission Policy Revision

OKLAHOMA CITY--(BUSINESS WIRE)--Blueknight Energy Partners, L.P. (“BKEP” or the “Partnership”) (Nasdaq: BKEP)(Nasdaq: BKEPP) today announced that revisions by the Federal Energy Regulatory Commission (“FERC”) regarding its 2005 policy for recovery of income taxes are not expected to have an impact to the earnings and cash flow of BKEP. The FERC announced today that it would revise its 2005 Policy Statement for Recovery of Income Tax costs so that it no longer will allow interstate pipelines owned by master limited partnerships to recover an income tax allowance in the cost of service.