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.
The Bazan Group comprises three industrial companies operating in Israel primarily in the production of petroleum products, polymers used as raw materials in the plastics industry, aromatics compounds for the chemicals and petrochemicals industry. The Group’s plants operate synergistically and the plants of the subsidiaries constitute an extension of Bazan's facilities. This allows Bazan to optimize the output of the refinery facilities, while producing petroleum alongside various other products as well as petrochemical products. As a result of the integrated management of the facilities, Bazan is able to increase its profit margin and create cost efficiency. The Company also supplies power services to industrial customers in the Haifa Bay area as well as infrastructure services (storage and transportation of fuel products).
Production capacity
Approximately 9.8 million tons of crude oil per year and approximately 197,000 barrels of oil per day.
Approximately 450,000 tons of polypropylene per year in Carmel Olefins’ facilities and approximately 180,000 tons of polypropylene in Ducor’s (Netherlands) facilities.
Approximately 170,000 tons of polyethylene per year.
Approximately 580,000 tons of aromatics products per year.
The Group’s structure
Israel Corporation Ltd. (the Israel Corporation) holds 33% of the shares of the Bazan Group and Israel Petrochemical Enterprises Ltd. (“IPE”) holds 15.5% of its shares. In actual fact the public holds about 75% of the Company by means of holdings on the stock exchange. Oil Refineries Ltd. (“ORL”) consolidates ownership of the subsidiaries.
• Carmel Olefins Ltd. “CAOL” (To Site)
• Gadiv Petrochemical Industries Ltd. (To Site)