VOL. XLVI

No 33

18-August-2003

CASPIAN

PetroKazakhstan Reports Increased Profits, Production For 1H 2003

Canadas PetroKazakhstan, the fourth largest oil producer in Kazakstan, reported net earnings of $136.4mn for the first half of 2003, compared with a net income of $56.9mn for the first half of 2002, while crude production during the second quarter of this year averaged 145,066 b/d, up more than 23% from second quarter 2002 production of 117,844 b/d. Meanwhile, the company said that it had...