Portugal’s government has approved a temporary 33% levy on excess profits from oil extraction and refining in 2026, targeting revenue for households, businesses and decarbonisation.
Portugal’s government has approved a temporary 33% levy on excess profits from oil extraction and refining in 2026, targeting revenue for households, businesses and decarbonisation.
Galp says its planned Innovation District on the former Matosinhos refinery site could add about €2 billion a year to Portugal’s economy over 30 years.
