Williams Energy Partners Raises Cash Distribution for Ninth Consecutive Quarter

Announces Expansion of Gulf Coast Capacity

TULSA, Okla. - The board of directors for the general partner of Williams Energy Partners L.P. (NYSE:WEG) has declared a quarterly cash distribution of 78 cents per unit for the period April 1 through June 30, 2003.

The second-quarter distribution represents a 4 percent increase over the first-quarter 2003 distribution of 75 cents per unit and a 15.6 percent increase over the distribution associated with the second quarter of 2002.

The latest distribution, which equates to $3.12 per unit on an annualized basis, will be paid August 14, 2003, to unitholders of record at the close of business on August 1, 2003.

"We are pleased to once again provide our unitholders with a meaningful distribution increase, representing our ninth distribution increase for total growth of more than 48 percent since our initial public offering in early 2001,"said John Chandler, chief financial officer. "This increase represents our continued commitment to grow distributions by at least 10 percent annually."

The partnership plans to announce second-quarter earnings before the market opens on Monday, July 28. An investor conference call is scheduled at 1:30 p.m. Eastern the same day. To participate, dial (800) 289-0468 and provide code 574533. International callers should dial (913) 981-5517 and provide the same code. A webcast also will be available at www.williamsenergypartners.com/calendar.jsp.

Expansion of Gulf Coast Capacity

In addition, Williams Energy Partners has taken steps to expand its capacity to store and transport refined petroleum products originating from the Gulf Coast region. The partnership has sold storage tanks with a capacity of approximately 700,000 barrels in Glenpool and Tulsa, Okla. to Seminole Refined Products, L.P., a subsidiary of The Seminole Group, L.P., a privately held company headquartered in Tulsa, and has contracted for continued exclusive use of the tanks. The partnership will utilize the proceeds from this sale to construct an additional 700,000 barrels of storage within its Tulsa facility, increasing its storage capabilities in this market by approximately 30 percent. The new tanks are expected to be in service by third-quarter 2004.

"Williams Pipe Line's capacity to receive barrels from the Gulf Coast in Tulsa is very important for Williams Energy Partners,"said Don Wellendorf, chief executive officer. "We view one of the partnership's competitive advantages to be our access to refined petroleum products originating from the Gulf Coast region, which is the nation's refinery hub. The increased storage in this strategic location will further strengthen our Gulf Coast origin capabilities and our ability to meet refined petroleum product demand requirements in the mid-continent region of the United States."

About Williams Energy Partners L.P.

Williams Energy Partners L.P. is a publicly traded partnership formed to own, operate and acquire a diversified portfolio of energy assets. The partnership primarily transports, stores and distributes refined petroleum products and ammonia.


Portions of this document may constitute "forward-looking statements"as defined by federal law. Such statements are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. Examples of such uncertainties and risk factors include, but are not limited to, changes in the price for crude oil, changes in demand for refined petroleum products, adverse developments affecting our ammonia pipeline customers, changes in federal government policies affecting farm subsidies, changes to cost estimates relating to specific acquisitions, changes in economic and industry conditions and changes in regulatory requirements (including changes in environmental requirements). These and other factors are set forth in the Partnership's filings with the Securities and Exchange Commission. 

 Contact Information:

Paula Farrell Williams Energy Partners Investor Relations 918-573-9233  

Contact Information:

Paula Farrell Investor Relations 918-574-7650 paula.farrell@magellanlp.com