Posco International reviewing dividend payments on Myanmar gas project
28/05/2021 12:55
SEOUL, May 28 (Reuters) - South Korea's Posco International
047050.KS is reviewing dividend payments on a gas project in
Myanmar it operates alongside the state-run oil enterprise, a
spokesman for the firm told Reuters on Friday.
The move follows a decision this week by Total and Chevron
(CVX.N) which suspended some payments from a separate gas joint
venture that would have reached Myanmar's junta, earning praise
from pro-democracy activists.
(Reporting by Cynthia Kim; editing by Jason Neely)
((Cynthia.Kim@thomsonreuters.com; 822 3704 5655; Reuters
Messaging: cynthia.kim.thomsonreuters.com@reuters.net))
Recent news on Posco International
See all newsBrief: Posco International Issued $500 Million In Global Bonds
Brief: Posco International - Signs Head Of Agreement For LNG Terminal And Direct Pipeline Usage
Invest About $200 Million With Reelement Technologies Corp To Set Up A Joint Venture U.S Plant For Rare Earths Separation And Refining Production
Brief: Posco International Q1 Operating Profit 357.5 Billion Won, Up 32.3% From Year Earlier
Brief: Posco International Aims To Offer 50% Of Earnings For Shareholder Returns