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NuStar Energy L.P. Declares Series A, Series B and Series C Preferred Units and Common Unit Second Quarter 2018 Distributions

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NuStar Energy L.P. (NYSE:NS) today announced that its Board of
Directors has declared a second quarter 2018 Series A preferred unit
distribution of $0.53125 per unit, a Series B preferred unit
distribution of $0.47657 per unit and a Series C preferred unit
distribution of $0.56250 per unit. The preferred unit distributions will
be paid on September 17, 2018 to holders of record as of September 4,
2018.

NuStar Energy L.P.'s Board of Directors also declared a second quarter
2018 common unit distribution of $0.60 per unit. The second quarter
common unit distribution will be paid on August 13, 2018 to holders of
record as of August 7, 2018.

A conference call with management is scheduled for 10:00 a.m. CT on
Tuesday, August 7, 2018, to discuss the financial and operational
results for the second quarter of 2018. Investors interested in
listening to the discussion may dial toll-free 844/889-7787, passcode
6187415. International callers may access the discussion by dialing
661/378-9931, passcode 6187415. The partnership intends to have a
playback available following the discussion, which may be accessed by
dialing toll-free 855/859-2056, passcode 6187415. International callers
may access the playback by dialing 404/537-3406, passcode 6187415. The
playback will be available until 1:00 p.m. CT on September 6, 2018.

Investors interested in listening to the live discussion or a replay via
the internet may access the discussion directly at https://edge.media-server.com/m6/p/rtc4vkz9
or by logging on to NuStar Energy L.P.'s website at www.nustarenergy.com.

NuStar Energy L.P., a publicly traded master limited partnership based
in San Antonio, is one of the largest independent liquids terminal and
pipeline operators in the nation. NuStar currently has more than 9,400
miles of pipeline and 82 terminal and storage facilities that store and
distribute crude oil, refined products and specialty liquids. The
partnership's combined system has more than 97 million barrels of
storage capacity, and NuStar has operations in the United States,
Canada, Mexico, the Netherlands, including St. Eustatius in the
Caribbean, and the United Kingdom. For more information, visit NuStar
Energy L.P.'s website at www.nustarenergy.com.

This release serves as qualified notice to nominees under Treasury
Regulation Sections 1.1446-4(b)(4) and (d). Please note that 100% of
NuStar Energy L.P.'s distributions to foreign investors are attributable
to income that is effectively connected with a United States trade or
business. Accordingly, all of NuStar Energy L.P.'s distributions to
foreign investors are subject to federal income tax withholding at the
highest effective tax rate for individuals and corporations, as
applicable. Nominees, and not NuStar Energy L.P., are treated as the
withholding agents responsible for withholding on the distributions
received by them on behalf of foreign investors.

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