| An SI Board Since April 2005 |
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PKZ |
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Petrokazakhstan Inc. is a vertically integrated, international energy company engaged in the acquisition, exploration, development and production of oil and gas, and the refining and sale of oil and refined products in the Republic of Kazakhstan. The Company's oil and gas exploration and production operations are located in the South Turgai Basin. As of January 1, 2004, it had estimated total proved reserves of 348.5 million barrels of oil (mmbbls), estimated total proved and risked probable reserves of 490 mmbbls of oil and 32.6 billion cubic feet of gas. The Company has interests in 11 fields, seven being 100% owned and operated, four being 50/50 joint ventures. During the year ended December 31, 2004, average daily oil production was 151,349 barrels of oil per day. It owns and operates the Shymkent refinery, supplying approximately 50% of Kazakhstan's total refined products. PetroKazakhstan sells a range of petroleum fuel, including jet fuel, gasoline and diesel.
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