OREANDA-NEWS. August 27, 2012. Caspian Pipeline Consortium (CPC) has completed 15 million hours without a serious injury resulting in days away from work, which is a significant achievement even internationally. Such performance by Base Business is a record for CPC demonstrating the company's adherence to occupational health and safety.

This achievement is a result of professionalism and CPC rigorous requirements to safety compliance evidenced by CPC successful re-certification in OHSAS 18001:2007 (Occupational Health & Safety Management System) this year.

Commenting on this record Nikolay Platonov, CPC General Director, said "Given the wide range of activities and associated potential risks that exist at our sites, such achievements do not come by good luck but by professionalism, hard work and commitment to safety. I am certain that our prior experience and team effort will enable to continue our operations in accident-free and efficient manner."

The CPC pipeline system is one of the largest investment projects in the energy industry with foreign capital in the CIS. The length of the pipeline connecting oil fields in Western Kazakhstan with the Marine Terminal in Novorossiysk is 1,511 km. CPC Marine Terminal is equipped with single point moorings which allow safe loading of tankers at a significant distance from the shore, even when the weather conditions are unfavorable.

CPC Shareholders: Russian Federation (represented by Transneft - 24% and CPC Company - 7 %) - 31%; Republic of Kazakhstan (represented by Kazmunaygaz - 19% and Kazakhstan Pipeline Ventures LLC - 1.75%) - 20.75%; Chevron Caspian Pipeline Consortium Company - 15%, LUKARCO B.V. - 12.5%, Mobil Caspian Pipeline Company - 7.5%, Rosneft-Shell Caspian Ventures Limited - 7.5%, BG Overseas Holding Limited - 2%, Eni International N.A. N.V. - 2% and Oryx Caspian Pipeline LLC - 1.75%.