Galp and Moeve Merger to Reshape Iberian Downstream

From a configuration standpoint, the system is firmly fuels-oriented. San Roque is a medium-complexity, FCC-based refinery optimised for gasoline and bunkering fuels, reflecting its proximity to the Algeciras bunkering hub and its access to diversified crude imports at relatively low operating cost. La Rábida and Sines are more conversion-intensive, with hydrocracking capacity that reduces fuel-oil exposure and lifts middle-distillate yields, particularly diesel. Across the system, diesel/gasoil account for ...