Odessa Portside to be Privatized.

The parliament overrode the President’s veto banning the privatization of this company. Concorde Capital: Initially the privatization of Odessa Portside was scheduled for December 2005, but then Yushchenko banned the company’s restructuring, aimed at splitting the ammonia and nitrogen fertilizers’ production from the ammonia storage and transportation facilities at the end of the Togliatti-Yuzhnyy ammonia pipeline. According to the President, Odessa Portside should remain a single complex with the pipeline for economic and safety reasons. Now it is unclear, whether the company will be sold with the storage facilities, which also would involve private ownership for part of the pipeline, or separately. According to current legislation, the pipeline can not be privatized