 | |
| Type | Public |
|---|---|
| TASE: ORL | |
| Industry | Petrochemical industry |
| Founded | 1958 |
| Headquarters | , Israel |
Area served | Middle East |
Key people | Moshe Kaplinsky (Chairman) Malachi Alper (CEO) |
| Products | Petroleum products Petrochemicals, Oil refining |
| Revenue |  US$13.520 billion (2015)[1] |
 US$562.52 million (2015) | |
| US$272.49 million (2015) | |
| Total assets | US$4.470 billion (2015) |
| Owners | Israel Corp. (33%) Israel Petrochemical Enterprises ltd (15.5%)[2] |
Number of employees | 1,800 (2015) |
| Subsidiaries | Carmel Olefins Ltd. Gadiv Petrochemical Industries Ltd. |
| Website | www |
BAZAN Group, (ORL or BAZAN, Hebrew: בז"ן – בתי זיקוק לנפט בע"מ), formerly Oil Refineries Ltd., is an oil refining and petrochemicals company located in Haifa Bay, Israel. It operates the largest oil refinery in the country. ORL has a total oil refining capacity of approximately 9.8 million tons of crude oil per year with a Nelson complexity index of 9.[3] ORL provides a variety of products used in industrial operations, agriculture and transportation.[4] ORL is Israel's largest integrated refining and petrochemical facility.[5] The company also provides storage and transportation services for oil fuel products, as well as electricity and steam to industrial customers in the region.[6]
History
The company's beginnings date back to the British Mandate for Palestine when Consolidated Refineries Limited (CRL), a joint venture of Shell and the Anglo-American Oil Company (now Esso),[7] started constructing a sprawling refinery complex which sat at the end of the British-built Mosul-Haifa oil pipeline which stretched from the oil fields near Kirkuk in then British-controlled Iraq.[8]
Construction of the first refinery unit started in 1938 and was carried out by the M. W. Kellogg Co. with assistance from Solel Boneh, with an annual capacity of two million tons of crude oil. Construction was completed in 1944, increasing the annual yield to four