Oil Refineries Company Description
Oil Refineries Ltd., together with its subsidiaries, primarily engages in the production and sale of fuel products, intermediate materials, and aromatic products in Israel and internationally.
The company operates through two segments: Refining and Polymers. The Refining segment distills and separates crude oil and intermediate materials into end products and feedstock, including light gases, liquefied petroleum gas, naphtha, gasoline, kerosene, diesel fuel, fuel oil, waxy substances, bitumen, aromatic materials, benzene, toluene, xylene, paraxylene, orthoxylene, phthalic anhydrides, and solvents, as well as manufactures hydrogen from natural gas.
The segment offers its products to fuel and gas marketing companies; and manufacturers in the textile, paint, chemicals, and plastics industries.
The Polymers segment engages in the manufacture and marketing of polymers comprising polypropylene and low-density polyethylene, which are the principal feedstock in the plastics industry; ethylene and propylene used as feedstock in the production of polymers; and manufacture of recycled plastic.
It is also involved in the lease and management of tankers for marine transportation of fuel products; and trading and shipping activities.
The company was formerly known as Haifa Refineries Ltd. and changed its name to Oil Refineries Ltd. in June 1972.
Oil Refineries Ltd. was incorporated in 1959 and is headquartered in Haifa, Israel.
| Country | Israel |
| Founded | 1959 |
| Industry | Oil & Gas Refining & Marketing |
| Sector | Energy |
| Employees | 1,489 |
| CEO | Asaf Almgor |
Contact Details
Address: POB 4 Haifa, 3100001 Israel | |
| Phone | 972 4 878 8111 |
| Website | bazan.co.il |
Stock Details
| Ticker Symbol | OILRF |
| Exchange | OTCMKTS |
| Fiscal Year | January - December |
| Reporting Currency | USD |
| ISIN Number | IL0025902482 |
| SIC Code | 2911 |
Key Executives
| Name | Position |
|---|---|
| Shlomo Basson | Deputy Chief Executive Officer and Vice President of Safety, Security, Environmental Quality Procurement and Communications |
| Asaf Almgor | Chief Executive Officer |
| Guy Liberman | Vice President of Finance and Economics |
| Eli Tzarfati | Accounts Department Manager |
| Jonathan Gershon | Vice President and Chief Legal Counsel |
| Mark Hannah | Vice President of Marketing and Sales |
| Samuel Holzkan | Vice President of Human Resources |
| Eliahu Mordoch | Corporate Secretary |