PetroKazakhstan Inc. - Curtailment of Production

PetroKazakhstan Inc. - Curtailment of Production 


CALGARY, April 26  /PRNewswire-FirstCall/ -- PetroKazakhstan Inc. (the
"Company") has not yet received the CCD decision setting limits on oil and gas
production at Kumkol to a level which would exclude any associated gas flaring.
However, the Company has received today a letter from Mr. Eleushov, First
Deputy Chairman of the Committee of Environment Control, Ministry of
Environmental Protection requesting the Company to reduce the volume of gas
production to the level of actual utilization of associated gas in all fields
operated by PetroKazakhstan Kumkol Resources ("PKKR").

The Company has immediately started the process of reduction of production to a
level that will eliminate gas flaring.

The Company does not know at this time whether other oil producers have
received similar instructions. Based on official statistics of the Government
of Kazakhstan it would appear that out of 34 oil producers only 5 operate
without gas flaring. Based on the same statistics, PKKR accounted for 26.3
million cubic meters of flared gas versus 604 million cubic meters for the
whole industry in Kazakhstan in the first quarter of 2005.

As previously released on April 21, 2005 the requirement for full gas
utilization is the result of new legislation adopted in December 2004.
PetroKazakhstan is currently implementing a plan for full gas utilization by
July 1, 2006 and the plan has been submitted to the appropriate regulatory
authorities.

PetroKazakhstan Inc. is a vertically integrated, international energy Company,
celebrating its eighth year of operations in the Republic of Kazakhstan. It is
engaged in the acquisition, exploration, development and production of oil and
gas, refining of oil and the sale of oil and refined products.

PetroKazakhstan shares trade in the United States on the New York Stock
Exchange, in Canada on The Toronto Stock Exchange, in the United Kingdom on the
London Stock Exchange and in Germany on the Frankfurt Exchange under the symbol
PKZ. As of December 27, 2004, PetroKazakhstan shares began trading on the
Kazakhstan exchange under the symbol CA_PKZ. The Company's website can be
accessed at http://www.petrokazakhstan.com/.

The Toronto Stock Exchange has neither approved nor disapproved the

information contained herein. 

DATASOURCE: PetroKazakhstan Inc.



CONTACT: Ihor P. Wasylkiw, Vice President Investor Relations,

[phone], [phone] (cell); Jeffrey D. Auld, Vice President,

Treasurer, + 44 (1753) 410-020, + 44 79-00-891-538 (cell)

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