London—The European Commission has launched an in-depth investigation into investment aid given by the Portuguese government to help upgrade Galp Energia’s Sines and Porto refineries, the country’s only two plants. In a decision announced November 19, n the Commission said a preliminary investigation into aid worth some Eur160 million ($237 million) made to Galp’s downstream subsidiary Petrogal appears to fall foul of the EU’s rules on state aid.
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