April 19 (SeeNews) - Bulgarian oil refiner Lukoil Neftochim Burgas, part of Russia's Lukoil, said that it intends to skip dividend distribution for 2018.
The company did not distribute dividend for 2017 either.
Lukoil Neftochim Burgas' shareholders will put the proposal to a vote at a meeting scheduled for May 31, the company said in an invitation for the meeting earlier this week.
The Lukoil Neftochim Burgas refinery operations include receipt, storage and processing of different crudes, delivered by tankers to Rosenets Port terminal, which is operated by the company under a concession contract from May 2011. The oil is transferred by pipeline from the terminal to the main production site.
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