CALGARY, Alberta, Nov. 14, 2003 (PRIMEZONE) -- Mr. Bernard F. Isautier, Chairman of the Board of Directors of PetroKazakhstan Inc. ("PetroKazakhstan") announces the retirement of Mr. Robert P. Kaplan from PetroKazakhstan's Board of Directors, effective Friday, November 14th, 2003. Mr. Kaplan has been a Director for about 10 years, including the position of Chairman of the Board from 1998 to 1999.
Mr. Kaplan said: "I am about to turn 67 years old and I want to spend more time with my wife, family and ten grandchildren. In order to do so, I also intend to retire from my position as Honorary Consul of Kazakhstan in Canada when a successor can be appointed by the Government of Kazakhstan. I have accepted however the request of PetroKazakhstan to remain available as a consultant from time to time if required."
Mr. Isautier said: "The Company respects Mr. Kaplan's personal decision and will remain deeply grateful to Mr. Kaplan for his outstanding contribution, particularly during the most difficult period of its corporate existence."
PetroKazakhstan Inc. is vertically integrated, international energy company, celebrating its seventh 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. The company's website can be accessed at www.petrokazakhstan.com.
The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.
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