PetroKazakhstan about resignation of Kapparov a member of company's board of directors

13.09.05 17:36
/INTERFAX-KAZAKHSTAN, Astana, September 13, 05/ - PetroKazakhstan says Nurlan Kapparov informed the company's board of directors about its resignation on account of personal reasons since September 11 of 2005. N. Kapparov former head of Kazakhstan's national oil company entered PetroKazakhstan's board of directors in the end of October of 2003. N. Kapparov used to head KazTransOil (1997-1998) and KazakhOil (1998-1999), used to be a vice-minister of energy and mineral resources (1999-2001). 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. In the middle of August PetroKazakhstan announced about making of an agreement with CNPC International Ltd. (CNPC's "daughter"), which will buy all circulating common shares of Petrokazakhstan. It's expected that at the special meeting on October 18 company's shareholders will vote about sale of company's all common shares to CNPC International Ltd. at $55 per share by money, that is provided by the agreement signed before. Total amount of the deal is estimated at $4.18 bn. [2005-09-13]