Open Virtuozzo [OpenVZ] installation manual for CentOS/RHEL

What is OpenVZ?

OpenVZ (Open Virtuozzo) is an operating system-level virtualization technology based on the Linux kernel and operating system.
OpenVZ allows a physical server to run multiple isolated operating system instances, called containers, virtual private servers (VPSs),
or virtual environments (VEs).
OpenVZ is similar to FreeBSD jails and Solaris Containers.