Lisbon, March 13, 2026 (Lusa) - Galp revealed on Friday that it could face a financial impact of up to €100 million due to the new levy that Brazil has imposed on crude oil exports, which is expected to last four months.

In a statement sent to the Portuguese Securities Market Commission (CMVM), the Portuguese oil company reports that, as of Thursday, the Brazilian government approved the imposition of a 12% tax on crude oil exports.

It adds that the tax is expected to remain in place for at least four months and that Galp is likely to face a financial impact of up to €100 million.

SO/ADB // ADB.

Lusa