ПетроKазахстан : About the company : Company history
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Company history

1986 – Start of commercial development of Kumkol field in South-Turgai basin in south-central Kazakhstan.


1991 – Hurricane Hydrocarbons Ltd.  enters the Kazakhstani market as a partner in a joint venture that develops Kyzylkiya, Aryskum, Maibulak and South Kumkol fields.


1996 – Hurricane purchases Yuzhneftegas together with 50% shares in two joint ventures – Kazgermunai and Turgai Petroleum.


2000 – The Company purchases Shymkentnefteorgsintez (ShNOS), which owns one of three of the country’s oil refineries.


2003 – The corporate name is changed to PetroKazakhstan Inc. so as to clearly reflect the company’s operations and country in which the company performs its operations.


2005 – PetroKazakhstan Inc. was purchased by CNPCI, a subsidiary of China National Petroleum Corporation.


2006 – The Company signs a Memorandum on Understanding with the transfer of a 33% share in PetroKazakhstan Inc. to NC KazMunayGaz. 


2007 – on 6 July 2007, National Company KazMunayGaz acquired 50% of the PKOP stake as part of the agreement between CNPCI and KMG.


2009 – the transfer of a 33% share in AO PKKR to AO KazMunayGaz EP completed.