News Post
Galp to shut in its Matosinhos refinery to focus on Sines facilities.
Galp of Portugal recently announced that it was planning to permanently shut in hydrocarbon production at the smaller of its two refineries operating in Portugal. The company will instead further develop the larger Sines refinery due to the continuing demand destruction from the COVID-19 pandemic.
Galp will shut in the 100,000 barrel per day Matosinhos refinery, which has been idle since October. The company will now move to concentrating on the current operations and any future developments at the larger 220,000 barrel per day Sines refinery. The existing Matosinhos import, storage and distribution facilities are expected to continue their separate operations.
The Sines and Matosinhos refineries have been an integrated facility with a combined 320,000 barrels per day. Sines has been and will continue to be Portugal’s primary refinery with 70% of the country’s refining capacity.
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