BANGKOK (AP) Shareholders of the French energy company Total SA have voted to suspend payments of dividends to stakeholders in the joint venture company running a gas pipeline in Myanmar, the company said Wednesday. Pressure has been growing on companies with investments or operations linked to the Myanmar military to suspend any financial support […]
French Energy Giant Total Stops Payments on Burma Pipeline
BANGKOK Shareholders of the French energy company Total have voted to suspend payments of dividends to stakeholders in the joint venture company running a gas pipeline in Burma, the company said Wednesday.
Pressure has been growing on companies with investments or operations linked to the Burma (also known as Myanmar) military to suspend any financial support following a Feb. 1 coup. The Yadana pipeline is partly owned by Myanmar Oil & Gas Enterprises, a government-controlled entity.
Shareholders of the Moattama Gas Transportation Co., or MGTC, which operates the Yadana pipeline, made the decision at a meeting held on May 12, Total said in a statement.
Elaine Kurtenbach
FILE - In this Oct. 12, 2016, file photo, the logo of French oil giant Total SA is pictured at company headquarters in La Defense business district, outside Paris. Shareholders of the French energy company Total SA have voted to suspend payments of dividends to stakeholders in the joint venture company running a gas pipeline in Myanmar, the company says. (AP Photo/Michel Euler, File) May 27, 2021 - 1:09 AM
BANGKOK (AP) â Shareholders of the French energy company Total SA have voted to suspend payments of dividends to stakeholders in the joint venture company running a gas pipeline in Myanmar, the company said Wednesday.
French energy giant Total stops payments on Myanmar pipeline; to comply with global sanctions against govt freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
French energy giant Total stops payments on Myanmar pipeline go.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from go.com Daily Mail and Mail on Sunday newspapers.