Latest news and stories about refining in Portugal for expats and residents.
Galp is negotiating with Moeve, formerly CEPSA, over a possible combination of petrol station and refining businesses. Also in this edition: Montenegro holds the Health Minister to account, and all the reactions.
The agreement aims to potentially integrate refining and oil-processing operations on the Iberian Peninsula.
Galp and Moeve, the former Cepsa, are holding non-binding talks to merge their refining operations and petrol station businesses. Galp is focusing on oil and gas exploration.
The two groups announced an agreement to hold “detailed discussions” about a future alliance involving joint ventures for oil refining and fuel sales.
Galp and Moeve's shareholders — Mubadala Investment Company and The Carlyle Group — have reached a non‑binding agreement to proceed with detailed talks on the potential merger of their downstream portfolios and to create 'two leading energy companies on the Iberian Peninsula: RetailCo and IndustrialCo'. 'The combination ...
