|SECURITIES AND EXCHANGE
COMMISSION  WASHINGTON, DC 20549
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|FORM 6-K
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|REPORT OF FOREIGN PRIVATE
ISSUER  PURSUANT TO RULE 13a-16 OR 15d-16 UNDER  THE SECURITIES EXCHANGE ACT OF 1934
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|For the month of  August 5, 2003
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|PetroKazakhstan Inc.
      (Translation of registrants name into English)
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|140-4th
      Avenue S.W. #1460, Calgary, Alberta, Canada T2P 3N3
      (Address of principal executive offices)
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|Indicate by check
mark whether the registrant files or will file annual  reports under cover of Form20-F or
Form40-F:
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|Form 20-F [   ]   Form
40-F [X]
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|Indicate by check
mark whether by furnishing the information contained in  this Form, the registrant is
also thereby furnishing the information to the  Commission pursuant to Rule 12g3-2(b)
under the Securities Exchange Act of  1934.
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|Yes [   ]  No
      [X]
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|If 
Yes is marked, indicate below the file number assigned to the registrant in
connection with Rule  12g3-2(b): 82-
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|SIGNATURE
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|Pursuant to the
requirements of the Securities Exchange Act of 1934,  the registrant, , has duly caused
this report to be signed on its behalf by the  undersigned, thereunto duly authorized.
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|Date: | August 5, 2003 
      PetroKazakhstan
|----- | -------------------------------------



|By: 
      /s/ Ihor Wasylkiw
      Ihor P. Wasylkiw, P. Eng., 
      Vice Presdident Investor Relations
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|News release via Canada NewsWire, Calgary
403-269-7605  -ME-
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|Attention Business Editors:
      
           PetroKazakhstan Share Repurchase Program
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|CALGARY, Aug. 5
/CNW/ - PetroKazakhstan Inc. (PetroKazakhstan)  announces that it has
received approval from the Toronto Stock Exchange to  proceed with the renewal of its
normal course issuer bid in connection with  its share repurchase program.
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|The board of
directors of PetroKazakhstan has concluded that the renewal  of the normal course issuer
bid is in the best interests of PetroKazakhstan  and its shareholders as it provides
PetroKazakhstan with a reasonable and  flexible way of rebalancing PetroKazakhstans
capital structure.
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|The share
repurchase program enables PetroKazakhstan to repurchase in  accordance with the rules
and policies of the Toronto Stock Exchange up to  5,775,028 common shares through the
facilities of the Toronto Stock Exchange,  representing 10% of its public float from time
to time during the next  12 months. All shares purchased under the share repurchase
program by  PetroKazakhstan will be cancelled. PetroKazakhstan currently has outstanding
77,653,139 common shares. Under the current normal course issuer bid  PetroKazakhstan has
purchased 4,009,270 shares at an average price of  Cdn $14.60 within the past 12 months.
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|The renewed share
repurchase program will commence on August 7, 2003 and  terminate when PetroKazakhstan
has purchased the maximum allowable number of  shares unless it provides earlier notice
of termination. If not previously  terminated, the renewed share repurchase program will
terminate on August 6,  2004.
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|In connection with
the renewed share repurchase program, the largest  shareholder of PetroKazakhstan,
Central Asian Industrial Holdings N.V., has  agreed to participate in the program to
maintain its current ownership  percentage in PetroKazakhstan at approximately 19% of the
outstanding common  shares.
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|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.
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|PetroKazakhstan
shares trade in the United States on the New York Stock  Exchange under the symbol PKN.
They also trade on the Toronto Stock Exchange  under the symbol PKN and on the Frankfurt
exchange under the symbol PKZ.
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|The Toronto Stock
Exchange has neither approved nor disapproved the  information contained herein.
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|%SEDAR:   00000935E
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|-0-                                                                                   08/05/2003
|------------------------------------------------------------------------------------------------

|/For further
information: Ihor P. Wasylkiw, Vice President Investor  Relations, (403) 221-8658/
|-----------------------------------------------------------------------------------------------

|(PKN. PKN)
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|CO:   PetroKazakhstan Inc. 
      ST:   Alberta 
      IN:   OIL 
      SU:
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|-30-
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