A new dimension

The Caspian Pipeline Consortium (CPC) is a remarkably successful project - a tribute to the leadership and vision of the host governments and the determination and patience of its investors.

Consider these two simple statements of fact:

• In January 2003, a private owned and operated pipeline system transported its 100th million barrel of oil across international borders in the former Soviet Union to world export markets.



• The month before, this same private pipeline commenced operation of the first quality bank system in the former Soviet Union. Last month, the first payment was made into and out of the quality bank.