Diplomat calls US’ allegations about isolation of Russia in UN 'strange'Russian Politics & Diplomacy April 28, 20:58
Experts say Russian hackers strongly demonized in USRussian Politics & Diplomacy April 28, 20:35
Ferrari drivers clock best time in Practice Two of Russia F1 GP in SochiSport April 28, 19:54
Red Bull’s advisor Marko says Kvyat to possibly remain with Toro Rosso next yearSport April 28, 19:16
Pope Francis blesses pregnant TASS correspondent en route to EgyptWorld April 28, 18:55
Russian diplomat says use of military force against North Korean unacceptable, dangerousRussian Politics & Diplomacy April 28, 18:45
UN chief calls for lowering risk of miscalculation concerning North Korea issueWorld April 28, 18:15
Moscow deeply regrets Montenegro’s decision to join NATORussian Politics & Diplomacy April 28, 18:07
Maria Sharapova reaches Porsche Grand Prix semifinalsSport April 28, 17:50
MOSCOW, August 5 (Itar-Tass) - Belarus’s potash giant Belaruskali said on Monday it planned to sell fertilizers through Qatar’s state-owned chemicals distributor Muntajat after its Russian partner Uralkali had withdrawn from their joint venture selling fertilizers on foreign markets.
The Belarusian news agency Belta said Belaruskali concluded a framework agreement with Qatar Chemical and Petrochemical Marketing and Distribution Company Muntajat on cooperation in fertilizer sales.
Qatar assured that Muntajat expressed readiness to sell up to 3 million tons of fertilizers produced by Belaruskali, which planned to enhance its presence in its foreign markets.
Belaruskali is one of the world’s biggest fertilizer producers. In 2013 its potash output is expected to grow to 11 million tons and in 2020 to 12.5 million tons.
Russia’s biggest potash producer Uralkali said last week it decided to withdraw from its joint venture with Belaruskali after the latter started independent sales of potash. Moreover, it announced its plans to increase its potash production to 10.5 million tons in 2013, 13 million tons in 2014 and 14 million tons in 2015. These statements caused a decline in shares of Uralkali and its biggest rivals - Potash Corp. of Saskatchewan Inc., Mosaic Co. and Israel Chemicals Ltd. - by 24% on the average, as investors supposed that the market would be flooded with fertilizers and demand would remain insufficient.