Galp Energia has a cracking refinery in Sines, which began operating in 1978. With a current refining capacity of approximately 220,000 barrels a day, it is the main refinery in Portugal and accounts for almost 70 per cent of the country's total refining capacity.
The Sines refinery is one of the largest refineries in the Iberian Peninsula. Its coastal location and port facilities make it ideal for crude supply and exporting products.
The Matosinhos refinery, located in Portugal's Northwest coast, began operating in 1969. Currently, it has currently an annual refining capacity of approximately 110,000 barrels a day. The Matosinhos refinery is a hydroskimming refinery. Inside the complex, there is an aromatic plant, a base oil plant and a lubricant plant.
Both refineries feature an integrated management system that maximises the Company's refining margin. The characteristics of each refinery provide a balanced production mix, predominately in middle distillates, such as diesel and gasoline.
Mindful of the future needs of its clients, Galp Energia believes the decision to upgrade its refining complex by increasing its conversion capacity will be essential for the Company's medium and long-term competitiveness.
The project for the conversion of the refineries is one of the Company's transformational projects, and completion is scheduled for 2012.
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