Bazan

Expert warns Haifa refinery is ‘time bomb’ despite limited damage in Iranian strike

The Bazan refinery in Haifa Bay has long been a source of environmental concern. The latest round of Iranian missile fire has now placed those concerns in a wartime context.

Fire rises from the Bazan power plant in the northern Israeli city of Haifa, June 15, 2025.
Netta Benari, Head of Business Development & Innovation Bazan Group

Beyond energy: How Bazan Group is powering the future of industrial tech

Oil tanker Bronco sits anchored in Lake Maracaibo, near the Bajo Grande crude port operated by state oil company PDVSA, in Maracaibo, Venezuela, February 9, 2026. (Ilustration)

Venezuela sends first oil shipment to Israel in years in sign of relations improving - Bloomberg

Bazan Chairman Moshe Kaplinsky

Bazan enters oil production market with $100m. investment in US firm


Bazan oil refinery in Haifa partially resumes operations after Iranian missile strike

The company stated that it is "insured against indirect damage and loss of profits resulting from acts of terrorism and war, with coverage up to $250 million."

 Fire rises from the Bazan power plant in the northern Israeli city of Haifa, June 15, 2025.

Haifa oil refinery's facilities shut down following Iranian missile strike

The company stated that it is collaborating with the Israel Electric Corporation, which "immediately mobilized," to restore a regular electricity supply to the complex as quickly as possible.

 Fire rises from the Bazan power plant in the northern Israeli city of Haifa, June 15, 2025.

Iran’s missile barrage hits Bazan oil refinery, causing temporary shutdown

Though a majority of the Haifa Bay is still operational, Iran's attack caused localized damage to transmission pipes.

 Emergency personnel operate after missiles were launched from Iran to Israel, in Haifa, Israel, June 15, 2025

Bazan backs veteran rehab and Paralympic athletes in groundbreaking national program

As part of its social commitment, Bazan supports wounded veterans’ recovery and sponsors athletes' training for LA 2028 Paralympics

 Bazab CEO Asaf Almagor: "It's a moral obligation to stand by those who choose to rise, lead, and represent the best of the Israeli spirit.”

Bazan Group reports resilient 2024 performance, distributes $50M in dividends

Bazan posts a net profit of $113M for 2024. The board approves a $50M dividend, reflecting 75% of annual profit.

 Bazan Chairman Moshe Kaplinsky