Brazil and Angola make GALP's profits go up

GALP will keep oil production growth in 2019. The estimate is that the increase in the number of barrels may reach 12%.

If 2018 was a positive year for GALP, 2019 will continue to be a year in which the Portuguese-based oil company plans for its crude oil production to grow between 8% and 12% (2019). This estimate says the profit in a year may reach over €2 billion (€2,1 billion to €2,2 billion) and by 2020 the profit may rise to €3 billion.

In the year 2018, with the balance closed, GALP achieved a profit (not counting taxes) of 2.2 billion euros which represents a growth of 24%.

Read more in TSF