NS » Topics » Business Strategies

This excerpt taken from the NS 8-K filed May 22, 2008.

Business Strategies

Complete existing $400 million construction program on time and on budget

Quickly integrate recently acquired asphalt business

Prioritize and execute projects on recently acquired asphalt business

Continue to focus on pipeline, transportation, storage and terminalling operations

Continue to expand terminals and storage in key hub locations and pipelines through internal growth
projects and acquisitions

Recently announced $500 million construction program beyond 2008 (excluding CITGO Asphalt
Refining Company)

Continue to expand opportunities for marketing business

Maintain financial strength, flexibility and investment grade debt rating

We believe this strategy will allow NuStar to continue to provide further
distribution growth

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