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04 March 2014, 11:44

Belaruskali excluded from Belneftekhim concern

MINSK, 4 March (BelTA) - The public joint stock company Belaruskali was excluded from the Belarusian State Oil and Chemistry Concern (Belneftekhim), reads the Council of Ministers' Decree No.177 as of 28 February 2014, BelTA learnt from the press service of the Belarusian government. The decree enters into force on the day of its publication.

In line with the decree Economy Minister Nikolai Snopkov, Chairman of the State Property Committee Georgy Kuznetsov, Deputy Finance Minister Maksim Yermolovich and Deputy Foreign Minister Alexander Guryanov were appointed representatives of the state in OAO Belaruskali's management bodies.

OAO Belaruskali is one of the largest producers and exporters of potassium fertilizers in the world. According to the International Fertilizer Industry Association, Belaruskali accounts for one-seventh of the world output of potassium fertilizers. Belaruskali exports its products to over 70 countries. Currently the enterprise operates four mining departments and several auxiliary and service subdivisions. The entire package of Belaruskali's shares is owned by the state.

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