Portugal's Petrogal repositions itself as energy multinational

Portugal's state-owned petroleum firm Petrogal has embarked on an ambitious plan to reposition itself as a multinational energy firm. Petrogal's overseas investments are focused on former colonies and territories. In Cape Verde, Petrogal has a major stake in local retail firm Enacol, which is supplied with refined products by the Portuguese firm's Sines refinery. Photo courtesy of Petrogal.Click here to enlarge imageThe strategy, dubbed Projecto XXI, has an initial aim of making Petrogal one of the best energy companies in Spain and Portugal-particularly in natural gas and refined products distribution, according to its chairman, Manuel Ferreira de Oliveira. Beyond that, Petr...

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