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According to industry sources, White Potash had already discussed whether or not Chinese companies could participate in the company's shareholding last year. The content involved whether China could obtain less than 50% of the shares of the Belarusian Potassium mine.
However, the White Russian Deputy Potassium Fertilizer denied the information at the press conference in Minsk. He stated that White Potash is negotiating with China's potash importers for price issues, and the content does not involve whether Chinese companies can participate in White Potash. It is worth remembering that just a month ago, the First Deputy Prime Minister of Belarus had disclosed that strategic investors will enter the national potash fertilizer industry.
China National Petroleum Corporation is a subsidiary of China National Offshore Oil Corporation and one of China's large-scale urea producers.
Recently, Belarussian potash fertilizer producer Belaruskali stated that they have already discussed with Sinopec Petrochemical Co., Ltd. on a shareholding in Belarusian Potash Fertilizer (BPC). In the future, they will also negotiate with one or more companies including Sinochem Fertilizer Co., Ltd. for equity participation.