PetroKaz ‘for sale’ sign sends shares up

PetroKazakhstan, the Canada-based oil producer whose assets are in central Asia, on Monday confirmed it was considering a sale, potentially turning itself into the latest target in the global race to control energy assets.

The statement sent the company’s New York listed shares up 17.35 per cent to close at $38.15, giving it a market capitalisation of $2.8bn.