Galp slashes capex awaiting first sign of Covid-19 recovery

Galp virtually halves its capital expenditure plans for 2020 but promises to react swiftly at the first sign of a recovery in demand when Covid-19 lockdowns begin to ease

Capex cut: Galp chief executive Carlos Gomes da Silva
Capex cut: Galp chief executive Carlos Gomes da SilvaPhoto: GALP ENERGIA
Published 27 April 2020, 15:08Updated 28 April 2020, 14:00