Oil Refineries Ltd - Company Profile
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Business Description
Oil Refineries Ltd (Bazan) is a downstream energy company, produces petroleum products, polymers used as raw materials in the plastics industry, aromatics compounds for the chemicals and petrochemicals industry. 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).
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Business Segments
Overview
- Produces and markets low-density polyethylene and polypropylene, which are used as main raw materials in the plastics industry. These products are sold in oversize bags, on pallets, in bulk using road tankers, or in containers for exports. - Manufactures feedstock such as ethylene and propylene, used as raw materials in the manufacture of polymers. - Major Products includes polypropylene and polyethylene. - Key operating subsidiaries are Carmel Olefins and Ducor. - Main customers include companies that operate in compound polypropylene-based packaging, polyethylene sheets, textiles industries and plastic factories.
Performance
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Overview
- Refines crude oil and sells the finished fuel products, intermediate materials, and aromatic materials to their customers in Israel (including Carmel Olefins) and abroad. - Assets include initial distillation units for crude refining, catalytic cracking and catalytic reformer units for refining and finishing fuel products, other production units for production of isomert, which is used as one of the components of gasoline, and asphalt, and facilities for treatment of sulfur. - Key products are diesel fuel, gasoline, fuel oil, kerosene, aromatics, liquefied petroleum gas (LPG), naphtha and bitumen. - Refining operations are carried out at the Company’s refinery at Haifa and at Gadiv Petrochemical Industries Ltd. - sells steam to industrial customers in Haifa Bay and provides infrastructure services such as: storage, pumping, and distribution of fuel products. - Offers power and heat services to industrial customers in the Haifa Bay. - Operates a cogeneration power plant with output capacity of 40 megawatts of power and 350 tons of steam per hour.
Performance
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Overview
- The "Others" segment includes the other business activities of the company, which are not material, mainly trade and shipping, through Trading and Shipping. - The Company leases tankers for transportation of crude oil and fuel products and uses them for transporting materials that it purchases or sells.
Performance
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Geographical Segments
Performance
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Performance
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