August 2005, PetroTrans assisted China
National Petroleum Corporation (CNPC) in the fierce acquisition
battle for PetroKazahstan (PK) at a cost
of 4.28 billion USD. The oil asset of PetroKazahstan is
essential to China as it was located closely to the pipeline.
This strategic acquisition makes it much easier to supply crude
oil for the Chinese-Kazakh pipeline. It was a total victory on
this achievement for CNPC. Since the takeover of PK in October
2005, the production of crude oil rapidly increased from 159,000
BPD to 240,000 BPD.
PetroKazakhstan has a proven reserve well of over 700,000,000
The value of PetroKazakhstan is now estimated at over 6 billion
USD. It is an essential asset for China, with PetroTrans assisting
though most of the critical moment.