BAZAN Group

This article is about the Israeli company. For the general term, see Oil refinery.
BAZAN Group
Company typePublic
TASE: ORL
IndustryPetrochemical industry
Founded1958; 66 years ago (1958)
Headquarters
Haifa
,
Israel
Area served
Middle East
Key people
Moshe Kaplinsky (Chairman)
Malachi Alper (CEO)
ProductsPetroleum products,
petrochemicals, oil refining
RevenueIncrease US$13.520 billion (2015)[1]
Decrease US$562.52 million (2015)
Decrease US$272.49 million (2015)
Total assetsIncrease US$4.470 billion (2015)
OwnersIsrael Corp. (33%)
Israel Petrochemical Enterprises ltd (15.5%)[2]
Number of employees
1,800 (2015)
SubsidiariesCarmel Olefins Ltd.
Gadiv Petrochemical Industries Ltd.
Websitewww.bazan.co.il
The iconic cooling towers of the Haifa oil refinery (before the collapse of one)

BAZAN Group, (ORL or BAZAN, Hebrew: בז"ן – בתי זיקוק לנפט בע"מ), formerly Oil Refineries Ltd., is an oil refining and petrochemicals company located in Haifa Bay, Israel. It operates the largest oil refinery in the country. ORL has a total oil refining capacity of approximately 9.8 million tons of crude oil per year with a Nelson complexity index of 9.[3] ORL provides a variety of products used in industrial operations, agriculture and transportation.[4] ORL is Israel's largest integrated refining and petrochemical facility.[5] The company also provides storage and transportation services for oil fuel products, as well as electricity and steam to industrial customers in the region.[6]

The company is traded in the Tel Aviv Stock Exchange under the symbol ORL, and is part of the Tel Aviv 35 Index.[7]

  1. ^ "Oil Refineries Ltd". Tel Aviv Stock Exchange. 2011. Archived from the original on 29 March 2012. Retrieved 31 August 2011.
  2. ^ "OIL REFINERIES Ltd : Shareholders Board Members Managers and Company Profile | IL0025902482 | MarketScreener".
  3. ^ "About Bazan Group". Retrieved 11 July 2022.
  4. ^ "BAZAN Group". www.israelcorp.com. Archived from the original on 2019-04-30. Retrieved 2019-05-05.
  5. ^ "BAZAN Group". www.israelcorp.com. Archived from the original on 2020-06-12. Retrieved 2020-05-27.
  6. ^ "Company Overview". www.gadiv.com. Retrieved 2020-05-27.
  7. ^ "דף הבית - הבורסה לניירות ערך בתל אביב | אתר הבורסה". market.tase.co.il. Retrieved 2024-05-05.