The Bazan Group is the cornerstone of Israeli industry and is regarded as an economic powerhouse. Oil Refineries Ltd. (Bazan), located in the Haifa Bay area, is one of the largest and most complex energy groups in Israel and it operates a refinery and petrochemicals conglomerate. Modern facilities enable Bazan to produce a large variety of oil refinery products for industry, transport, agriculture, infrastructures and domestic consumption. Bazan has a maximum daily production capacity of approximately 26,600 tons of oil (197,000 barrels). More than 70% of the Company's products are distributed in the domestic market, while the remainder is destined primarily for the eastern Mediterranean.