Bazan Group, also known as Oil Refineries Ltd. (TASE: ORL), is a leading refinery in the Eastern Mediterranean and Israel’s largest integrated refining & petrochemicals complex. The Company's headquarters and operating facilities are based in Haifa Bay, which gives Bazan the advantages of close proximity to abundant crude oil supplies, access to a large domestic market and entry into attractive export markets. Bazan is capable of refining approximately 9.8 million tons of crude oil per year providing a variety of products used in industrial operation, transportation, private consumption, agriculture and infrastructures. IC holds c. 33%1 of Bazan.
1. According to Israel Corp’s 2018 annual financial statements