Oil Refineries Ltd - Company Profile
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Oil Refineries Ltd (Bazan), a subsidiary of Israel Corporation Ltd, is a downstream energy company that carries out the refining of crude oil. The company engages in refining crude oil into various products, producing polyethylene and polypropylene, and investing in oil and gas assets. Its product portfolio comprises fuel oil, polyethylene, polypropylene, benzene, paraxylene, ortho xylene, toluene, and waxy substances. The company also offers various services such as infrastructure and power development, and storage and logistics services. In addition to its core operations, Bazan provides power services to industrial customers in the Haifa Bay area and offers industrial services like storage and transportation of fuel products. Bazan's products serve industries such as transportation, agriculture, and petrochemicals, with applications in textiles, chemicals, and plastics. The company offers its products and services in Israel, Asia, Europe, and other countries. Bazan is headquartered in Haifa, Israel.
Headquarters
Israel
Address
P.O.Box 4, Haifa, 3100001
Website
www.bazan.co.il
Telephone
972 4 8788111
No of Employees
1,371
Industry
Energy and Utilities
Ticker Symbol & Exchange
ORL (TLV)
Revenue (2024)
$5.8B
-22.6%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-58.4%
(2024 vs 2023)
Market Cap*
$2.1B
Net Profit Margin (2024)
XYZ
-46.7%
(2024 vs 2023)
* As of and is in US$
Oil Refineries Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Fuel Oils | Infrastructure services |
| Gasoline | Power services |
| Kerosene | Storage Services |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Acquisitions/Mergers/Takeovers | In August, the company acquired a minority stake in Cantium for US$100 million. |
| 2024 | Contracts/Agreements | In October, the company signed a revision agreement for inventory availability with an international company. |
| 2024 | Contracts/Agreements | In July, the company signed an agreement to receive a one-time compensation of US$16 million for damages incurred by the company. |
Competitor Comparison
| Key Parameters | Oil Refineries Ltd | Reliance Industries Ltd | Saudi Basic Industries Corp | Braskem SA | Borealis GmbH |
|---|---|---|---|---|---|
| Headquarters | Israel | India | Saudi Arabia | Brazil | Austria |
| City | Haifa | Mumbai | Riyadh | Camacari | Vienna |
| State/Province | - | Maharashtra | Riyadh | Sao Paulo | Wien |
| No. of Employees | 1,371 | 290,293 | 33,000 | 8,126 | 6,184 |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Moshe Kaplinsky | Chairman | Executive Board | 2021 | 69 |
| Rafael Maman | Chief Executive Officer | Senior Management | 2026 | 65 |
| Guy Liberman | Chief Financial Officer | Senior Management | 2022 | 44 |
| Limor Fasher Cohen | Vice President - Integrated Planning and Trade | Senior Management | 2013 | 57 |
| Mark Hana | Vice President - Marketing and Sales | Senior Management | 2014 | 50 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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