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Vol. 9, No. 38 Week of September 19, 2004
Providing coverage of Alaska and northern Canada's oil and gas industry


PetroKazakhstan boss cashes in shares

After years of taking little or no salary, CEO unloads one-third of stake in company facing mounting pressures in ex-Soviet republic

Gary Park

Petroleum News Calgary Correspondent

He took a company that was teetering on the edge of bankruptcy, fighting to stave off creditors as its shares plunged in value to under 30 cents. He steered it through turbulent seas that would have seen others head for sheltered waters. In 2000, gunmen briefly seized control of a refinery the compa....

    [additional news subjects in this story]

Could be greater uncertainty ahead

One-third of shares and options sold


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