With refining spin off, Galp focuses on growing in Brazil, Namibia

Galp Energia SGPS SA

20/01/2026 13:28

DAVOS, Jan 20 (Reuters) - Galp GALP.LS will focus on growing its upstream business from oilfields in Brazil and Namibia and may list parts of its newly formed downstream business in a couple of years, Galp's co-chief executive officer Joao Diogo Marques da Silva told Reuters on Tuesday.

The Portuguese energy firm earlier this month announced it was in talks with private equity-backed Moeve to combine their businesses in two new entities - one focusing on retail and another on refining.

 (Reporting by Dmitry Zhdannikov, Writing by Stephanie Kelly, Editing by Louise Heavens)

 ((Stephanie.Kelly@tr.com))