BAZAN Group (Oil Refineries Ltd.)
The Bazan Group is the cornerstone of Israeli industry and is considered an economic and energetic engine. Oil Refineries Ltd. (Bazan), located in Haifa Bay, is one of the largest and most complex energy groups in Israel and operates a refinery and petrochemicals. Modern facilities allow Bazan to produce a wide range of petroleum refining products for industry, transport, agriculture, infrastructure and domestic consumption. Gasoline has a maximum production capacity of about 26,600 tonnes per day (197,000 barrels). Over 70% of the company's products are distributed in the local market, the rest being exported mainly to the Mediterranean countries.
The Bazan Group consists of three industrial companies operating in Israel and mainly engaged in the production of petroleum products, polymers used as raw materials for the plastics industry, aromatics for the chemical and petrochemicals industries. The Group's factories operate in synergy, and the subsidiary's factories are a continuation of the Zen facilities. This combination enables Benzene to optimize the production of the refining facilities, while producing oil in parallel with the production of various products and petrochemicals. Thanks to the combined management of the facilities, Zan simultaneously manages to increase its share of profits and create operational efficiency (cost efficiency). The company also provides power services to industrial customers in Haifa Bay, as well as infrastructure services (storage and transportation of fuel products).