|Attention Business Editors:
|---------------------------



|Hurricane Hydrocarbons Ltd.  Commencement of
Operations as PetroKazakhstan Inc.
|--------------------------------------------------------------------------------



|CALGARY, May 29
/CNW/ - Hurricane Hydrocarbons Ltd. (Hurricane, the  Company)
announces that on Monday, June 2, 2003, the Company will begin  operating under the new
name of PetroKazakhstan Inc.
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|The Companys common shares
      listed on both the New York Stock Exchange (NYSE) and the Toronto
      Stock Exchange (TSX) will begin trading under the new stock
      ticker of PKN with the associated CUSIP Number Y6884J 10 9.
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|The Companys
shares also traded on the Frankfurt exchange will trade under  the new stock ticker of
PKZ.
|-----------------------------------------------------------------------------------------------------------



|The Companys new website
      will be accessible at www.petrokazakhstan.com.
|------------------------------------------------------------------------------



|The Companys principal
      subsidiaries will also be taking on new PetroKazakhstan names, described
      on the Companys website via the Principal Subsidiaries
      tab.
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|Bernard Isautier,
President and Chief Executive Officer, said; We look  forward in turning to a new
chapter in the evolution of Hurricane Hydrocarbons  Ltd. As PetroKazakhstan Inc., the
Company will strive to become a recognized  leader in the petroleum industry in
Kazakhstan, create superior value for  shareholders and the country of Kazakhstan and be
an exemplary corporate  citizen.
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|PetroKazakhstan
Inc. is an independent, integrated, international energy  company, celebrating its sixth
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.
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|Until June 2,
2003, the Companys website can be accessed at  www.hurricane-hhl.com.
|------------------------------------------------------------------------------------



|The Toronto Stock
Exchange has neither approved nor disapproved the  information contained herein.
|--------------------------------------------------------------------------------------------------



|%SEDAR:
      00000935E
            -0-                                                    05/29/2003
|-----------------------------------------------------------------------------------------------------





|/For further
information: Bernard F. Isautier, President and Chief  Executive Officer, 44 (1753)
410-020; Ihor P. Wasylkiw, Vice President  Investor Relations, (403) 221-8658/
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(HHL. HHL
HHL.DB.U.)
|--------------------



|CO:   Hurricane Hydrocarbons Ltd. 
      ST:   Alberta 
      IN:    OIL 
      SU:
|-----------------------------------------------------------------------------------



|-30-
|----

---