Finance
Portugal's Galp restarting Sines oil refinery over coming days
Published by Global Banking & Finance Review®
Posted on April 29, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on April 29, 2025
1 min readLast updated: January 24, 2026
Galp's Sines refinery in Portugal will restart operations after a major power outage affected the Iberian peninsula. The outage impacted multiple refineries in Portugal and Spain.
By Robert Harvey
LONDON (Reuters) - Portugal's Galp will be gradually restarting units at its Sines oil refinery over the coming days after the major Iberian power outage on Monday forced it to suspend operations, a spokesperson for the company said.
In addition to Galp's plant, oil refineries across Spain operated by Repsol, Moeve, and Petronor also announced they were beginning to restart operations on Tuesday after Monday's blackout brought both countries to a standstill.
Power was restored to the Iberian peninsula by Tuesday, after the worst blackout in the countries' history, the cause of which remains unclear.
Portugal's government said on Tuesday that power supplies had been normalised for all 6.4 million electricity clients.
Sines, which has a crude processing capacity of 225,000 barrels per day, is Galp's only operating oil refinery. It ceased crude oil processing at its smaller refinery at Matosinhos near Porto in 2021.
(Reporting by Robert Harvey; Editing by Emelia Sithole-Matarise and Joe Bavier)
The article discusses the restart of Galp's Sines refinery in Portugal after a major power outage in the Iberian peninsula.
How did the power outage affect Portugal and Spain? It caused a temporary halt in refinery operations and affected millions of electricity clients.
What is the capacity of the Sines refinery? It has a crude processing capacity of 225,000 barrels per day.
Explore more articles in the Finance category
