Update: PetroKazakstan, Bernard Isautier & Jean Chretien

Somewhere, I read that Bernard Isautier is linked to Total of France; would that be through his work with Aquitaine? And, of course, there is the Jean Chretien link to PetroKazakhstan.

PetroKaz [Kazakhstan], Onex bosses strike gold Elizabeth Church, Mar. 31, 05 -- Related: The Toronto Star. Ex-PM's resumé grows longer -- Chretien's "appointment as special adviser to PetroKaz for international relations." David Olive, 2004-02-04

Nazarbayev has in-laws in high finance, not dissimilar to your kin at Power Corp. . . . Your new client, PetroKaz chief executive Bernie Isautier, was in the middle of a dog-and-pony show for brokers and money managers at the time.

Prior to 1990, Mr. Isautier served as President and Chief Executive Officer of Polysar Energy and Chemicals Corp. in Toronto, Canterra Energy Ltd. and Aquitaine of Canada in Calgary. Early in his career, Mr. Isautier served as an advisor to the French Minister of Energy and Industry and as an advisor on uranium development to the President of the Republic of Niger.

Mr. Isautier is a citizen of Canada and France.



PetroKazakhstan's operations are located in the 31,000 square mile South Turgai Basin in south central Kazakhstan, approximately 625 miles west of Almaty. PetroKazakhstan has an interest in eleven fields with land holdings totaling 410,522 (gross) acres and owns a 100% interest in an exploration license surrounding the Kumkol field totalling 341,848 acres.

Its holdings also include the Shymkent Refinery, I believe. NJC




Three articles:

China's Kazakh prize: The expert opinion
Chinese oil company to buy Canadian firm for $4.2B
Riding Down the Curve: How Cities Can Survive the Energy Crisis (Peak Oil, Part III)

[Further proof that there is no more significant oil to be discovered. Every purchase, every merger and acquisition only affirms that not only is there no more oil left to find, there is also a geographically-determined consolidation of asset ownership, almost as if oil companies and government were recognizing that when future conflict comes – as it must – only assets in one’s own backyard will be defensible. We are also seeing the logical shortening of oil supply routes. This make sense because just like Chilean strawberries or Australian aluminum, it makes no sense to ship ANY commodity around the world anymore. – MCR]

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