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PetroKazakhstan Inc.: London Stock Exchange Listing

CALGARY, Alberta (ots)

PetroKazakhstan Inc. ("PetroKazakhstan"
or the "Company"), incorporated in Canada, announces that it has been
approved for listing on the London Stock Exchange with the trading
symbol of "PKZ", effective today.
PetroKazakhstan, already listed on the New York, Toronto and
Frankfurt Stock Exchanges, is an integrated, international oil
company with operations solely in the Republic of Kazakhstan.
The Company will become the fourth largest oil company listed on
the London Stock Exchange, in terms of market capitalisation (US $1.7
billion on October 15, 2003).
For the full year 2002 and for the first half year to June 30,
2003, the Company recorded (in accordance with Canadian GAAP)
operating profits of US $272.3 million and US $200.0 million and net
earnings of US $162.6 million and US $136.4 million respectively.
The Company's upstream activities consist of exploration,
development and production in the South Turgai basin in south central
Kazakhstan. The Company operates 7 licenses (100% owned) and has a
50% interest in 4 other licenses through joint ventures. Its current
production is approximately 165,000 barrels of light crude oil per
day. PetroKazakhstan's reserves were independently assessed at 518
million barrels of oil and 25 billion cubic feet of gas, at year end
Its downstream activities consist of refining in its Shymkent
refinery, and marketing of refined products.
The Company exports approximately 50% of its crude oil production
and refines the balance in its Shymkent refinery.
Bernard Isautier, President and Chief Executive Officer,
commented: "We are delighted and honored to start trading our shares
on the prestigious London Stock Exchange. As our current shareholders
are predominantly constituted of North American Oil and Gas
investors, we expect through the London listing to broaden our
shareholder base among Emerging Markets and European investors, who
are looking for investment opportunities in the fast growing oil
industry in the Former Soviet Union. We also expect a much broader
coverage by London-based Energy and Emerging Markets investment
Copies of the listing particulars issued in connection with the
listing are available at the Document Viewing Facility, 25 The North
Colonnade, Canary Wharf, London E14 5 HS , at Nabarro Wells, Saddlers
House, Gutter Lane, London EC2V 6HS and at Denton Wilde Sapte, One
Fleet Place, London EC4M 7WS. Nabarro Wells is Sponsor of the
Director's dealing notification: On 15 October 2003, Robert Kaplan
disposed of 20,000 common shares of PetroKazakhstan and 20,000 call
options. The common shares were sold at C $29.38 per share and the
call options were sold at US $4.40 per option. Robert Kaplan's
remaining interest in PetroKazakhstan shares is 213,230 common
Effective today, PetroKazakhstan's shares will trade under the
common symbol PKZ on the New York Stock Exchange, The Toronto Stock
Exchange, the London Stock Exchange and the Frankfurt Stock Exchange.
The Toronto Stock Exchange has neither approved nor disapproved
the information contained herein.
This information is provided by RNS  
   The company news service from the London Stock Exchange


Nicholas H. Gay
Senior Vice President
Finance and CFO
Phone: +44/1753'410-020
Mobile: +44/77-48-633-226

Ihor P. Wasylkiw
Vice President Investor Relations
Phone: ++1/403/221-8658
Mobile: +1/403/383-2234

Jeffrey D. Auld
Manager Investor Relations-Europe
Phone: +44/1753/410-020
Mobile: +44/79-00-891-538