Commodity Market Report

Portugal downstream oil long-term outlook



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Report summary

Sole national refiner, Galp Energia, dominates the downstream oil sector in Portugal, a position which is supported by its control over much of the country’s distribution infrastructure. Following extensive upgrades at its two oil refineries, Sines and Porto, Portugal's production of gasoline and middle distillate fuels is surplus to domestic demand, resulting in a large net export flow of these products. Aside from Galp, the remaining downstream market share is dominated by BP, Repsol and Cepsa. The country's growing independent retail sector is challenging the status quo fuels market structure, as players like Prio Energy are expanding their networks and gaining volume market share. 

What's included

This report contains

  • Document

    Portugal downstream oil long-term outlook

    PDF 634.56 KB

  • Document

    Executive summary

    PDF 76.71 KB

  • Document


    PDF 130.10 KB

  • Document

    Policy and regulation

    PDF 77.44 KB

  • Document


    PDF 115.31 KB

  • Document

    Market structure

    PDF 159.57 KB

  • Document


    PDF 132.55 KB

  • Document


    PDF 265.26 KB

Table of contents

Tables and charts

This report includes 30 images and tables including:


  • Key demand indicators
  • Trade: Table 1
  • Demand forecast (kt)
  • Margins: Table 1
  • Infrastructure: Table 1
  • Sines refinery profile
  • Porto refinery profile
  • Margins: Table 2
  • Network size
  • Market structure: Table 2
  • Retail market share


  • Trade balance 2010 - 2016
  • Gasoline - Net exporter
  • Jet/Kero - Net exporter
  • Diesel/Gasoil - Net exporter
  • Fuel oil - Net exporter
  • Storage and distribution infrastructure
  • Demand: Image 1
  • Demand: Image 2
  • Demand: Image 3
  • Car parc by vehicle type
  • Gasoil and diesel demand
  • Demand: Image 6
  • Commercial diesel volumes
  • Margins: Image 1
  • Means of primary distribution
  • Crude input slate - 2016
  • Network size and throughput per site
  • Network effectiveness ratio: ratio of share of fuel sales to share of sites
  • Market structure: Image 1

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