NuStar Energy L.P. (NYSE: NS) received national recognition for its outstanding safety performance and strong safety programs at the industry’s premier safety awards event yesterday. Officials from the Independent Liquid Terminals Association (ILTA) presented NuStar representatives with the Safety Excellence Award during the ILTA International Operating Conference & Trade Show in Houston.
NuStar earned the Safety Excellence Award primarily based on the 80% improvement in its total recordable injury rate (TRIR) at its U.S. operations from 2005 to 2006. The company’s .95 TRIR in 2006 was more than five times better than the industry average. Additionally, the company had no lost-time injuries in 2006.
“Safety is our top priority at NuStar, and these honors are a testament to our employees’ tremendous commitment to safety,” said NuStar President & CEO Curt Anastasio. “From our field operations all over the world to our corporate office, everybody plays a role in safety.
“And, our safety achievements are especially impressive considering how much we have had going on in the last couple of years, with our continued growth, the integration of so many new employees and assets, the separation from Valero, and the move to our new corporate headquarters,” he added. “A lot has changed, but our focus on safety has remained strong.”
About NuStar Energy L.P.
NuStar Energy L.P. is a publicly traded, limited partnership based in San Antonio, with 9,113 miles of pipeline, 87 terminal facilities and four crude oil storage tank facilities. One of the largest independent terminal and petroleum liquids pipeline operators in the nation, the partnership has operations in the United States, the Netherlands Antilles, Canada, Mexico, the Netherlands and the United Kingdom. The partnership's combined system has approximately 80 million barrels of storage capacity, and includes crude oil and refined product pipelines, refined product terminals, a petroleum and specialty liquids storage and terminaling business, as well as crude oil storage facilities. For more information, visit NuStar Energy L.P.'s Web site at www.nustarenergy.com. Contact: Valero L.P., San Antonio
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