Finance
Spanish oil refineries shut down after power blackout
Published by Global Banking & Finance Review®
Posted on April 28, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on April 28, 2025
1 min readLast updated: January 24, 2026
Spanish oil refineries, including Moeve's, were shut down due to a power blackout affecting Spain and Portugal, impacting transport and flights.
LONDON (Reuters) - Several Spanish oil refineries, including both plants run by Spain's second largest refinery operator Moeve, were shut down on Monday after a widespread power outage hit Spain and Portugal.
A spokesperson for Moeve, which is owned by Abu Dhabi fund Mubadala and U.S.-based private equity firm the Carlyle Group, said it had halted operations at both its refineries.
Earlier on Monday, Petronor, a majority owned subsidiary of Repsol, said it had shut all units at its Bilbao oil refinery due to the power blackout in the country.
Spain's biggest refinery operator Repsol did not immediately reply to a Reuters request for comment.
The power outage that hit Spain and Portugal on Monday paralysed public transport, caused large traffic jams and delayed flights. Its cause has yet to be confirmed.
(Reporting by Ahmad Ghaddar and Pietro Lombardi; Editing by Toby Chopra, Mark Heinrich and Jan Harvey)
The main topic is the shutdown of Spanish oil refineries due to a power blackout affecting Spain and Portugal.
Moeve, owned by Mubadala and Carlyle, and Petronor, a Repsol subsidiary, are affected.
The blackout paralyzed public transport, caused traffic jams, and delayed flights in Spain and Portugal.
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