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[[File:Paz8956.JPG|200px|thumbnail|Paz Oil Company tanks near [[Ben Gurion Airport]]]] |
[[File:Paz8956.JPG|200px|thumbnail|Paz Oil Company tanks near [[Ben Gurion Airport]]]] |
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[[File:Israel Batch 3 (250).JPG|200px|thumbnail|Paz filling station in Haifa]] |
[[File:Israel Batch 3 (250).JPG|200px|thumbnail|Paz filling station in Haifa]]{{More citations needed|date=December 2022}} |
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'''Paz Oil Company Ltd.''' ({{lang-he|פז חברת הנפט בע"מ}}) ({{TASE|PZOL}}) is the largest [[Israel]]i [[fuels]] [[company]]. Paz distributes [[gasoline]] and other [[petroleum]] products through a network of gas stations, as well as [[liquefied petroleum gas|LPG]] and [[natural gas]] for home use (cooking and heating) through its subsidiary PazGaz. |
'''Paz Oil Company Ltd.''' ({{lang-he|פז חברת הנפט בע"מ}}) ({{TASE|PZOL}}) is the largest [[Israel]]i [[fuels]] [[company]]. Paz distributes [[gasoline]] and other [[petroleum]] products through a network of gas stations, as well as [[liquefied petroleum gas|LPG]] and [[natural gas]] for home use (cooking and heating) through its subsidiary PazGaz. Paz operates combined cafes and stores in many gas stations, through its subsidiary Yellow. It also owns the supermarket chains Freshmarket and Super Yuda. |
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==History== |
==History== |
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=== 20th century === |
=== Foundation, names, and ownership in the 20th century === |
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Paz was founded in 1922, as ''Anglo-Asiatic Petroleum''. From 1927 it operated as part of [[Royal Dutch Shell]], under the name ''Shell Palestine''. |
Paz was founded in 1922, as '''Anglo-Asiatic Petroleum'''. From 1927 it operated as part of [[Royal Dutch Shell]], under the name '''Shell Palestine'''. |
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In 1957 Shell decided to withdraw from Israel under [[Arab League boycott of Israel|economic pressure from Arab countries]]. In 1958, the company changed to the ownership of the [[United Kingdom|Briton]] [[Isaac Wolfson]] and the [[France|French]] [[Nahmias]] brothers and changed its name to '''Paz Petroleum Company Ltd.''' The symbol of the company, a yellow triangle, still resembles that of Shell. |
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Also in 1999, Paz acquired 74 percent of the Israeli fast food chain [[Burger Ranch (Israel)|Burger Ranch]]. |
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Wolfson sold his company holdings in 1981 to the State of Israel, who sold it in 1988 to the [[Australia]]n [[Jack Liberman]]. Since 1999, the Israeli businessman [[Zadik Bino]] owns the majority of the shares, with the Liberman family and other groups holding minority interests. |
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=== 21st century === |
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Paz operates combined cafes and stores in many gas stations, through another subsidiary by the name "Yellow". |
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=== Investments and market reach in the 21st century === |
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⚫ | In August 2006 Paz won a tender to acquire the [[Ashdod Oil Refineries]] with a [[New Israeli Shekel|NIS]] 3.5 billion bid, from [[Oil Refineries Ltd]]; which was forced to break its monopoly on oil refining in [[Israel]]. The acquisition made Paz Israel's most powerful energy company |
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⚫ | In 1999, Paz acquired 74 percent of the Israeli fast food chain [[Burger Ranch (Israel)|Burger Ranch]]. In late 2001, Paz completed the acquisition of Burger Ranch, becoming 100 percent owners of the chain. New branches of Burger Ranch were opened at Paz gas stations. In 2006, Paz sold the chain to the Israeli businessman Yossi Hoshinski. |
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⚫ | In August 2006 Paz won a tender to acquire the [[Ashdod Oil Refineries]] with a [[New Israeli Shekel|NIS]] 3.5 billion bid, from [[Oil Refineries Ltd]]; which was forced to break its monopoly on oil refining in [[Israel]]. The acquisition made Paz Israel's most powerful energy company and its owner Zadik Bino the industry's most powerful figure.<ref name=Kedmi2006>{{Citation |
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| title = Paz wins Ashdod refinery tender |
| title = Paz wins Ashdod refinery tender |
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| url = http://www.haaretz.com/print-edition/business/paz-wins-ashdod-refinery-tender-1.194166 |
| url = http://www.haaretz.com/print-edition/business/paz-wins-ashdod-refinery-tender-1.194166 |
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| journal = [[Haaretz]] |
| journal = [[Haaretz]] |
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| accessdate = 2010-05-28 |
| accessdate = 2010-05-28 |
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}}</ref> |
}}</ref> |
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In 2012, Paz held 30% of the Israeli fuel market and 31% of the Israeli gas stations.<ref>{{Citation |
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⚫ | }}</ref> On 12 February 2020, Paz Oil was listed on the [[United Nations]] [[list of companies operating in West Bank settlements]].<ref>{{cite web|url=https://reliefweb.int/report/occupied-palestinian-territory/database-all-business-enterprises-involved-certain-activities|title=Database of all business enterprises involved in certain activities relating to Israeli settlements in East Jerusalem and the West Bank (A/HRC/43/71)|date=12 Feb 2020|publisher=UN OCHA|access-date=2021-09-12}}</ref> On 5 July 2021, [[Norway]]'s largest pension fund [[Kommunal Landspensjonskasse|KLP]] said it would divest from Paz Oil as it helped to power Israeli settlements in the [[West Bank]].<ref>{{cite web|url=https://www.reuters.com/world/middle-east/nordic-fund-klp-excludes-16-companies-over-links-israeli-settlements-west-bank-2021-07-05/|title=Nordic fund KLP excludes 16 companies over links to Israeli settlements in West Bank|first1=Gwladys|last1=Fouche|first2=Simon|last2=Jessop|date=5 July 2021|publisher=Reuters|access-date=2021-09-13}}</ref> |
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In March 2021, Paz acquired the Super Yuda supermarket chain for 170 million NIS.<ref>{{cite news|url=https://www.themarker.com/markets/2021-03-07/ty-article/.premium/0000017f-e6b6-df2c-a1ff-fef7d4b30000|title=פז רכשה את סופר יודה ב-170 מיליון שקל ומתכננת להכפיל אותה בתוך שלוש שנים|quote=רכישת רשת הסופרים התל אביבית התבססה על מכפיל של 8 על הרווח התפעולי התזרימי. סופר יודה, שמונה 16 סניפים, ייצרה הכנסות של 228 מיליון ב-12 החודשים שהסתיימו בספטמבר 2020.|first=Yoram|last=Gabison|newspaper=[[TheMarker]]|date=7 March 2021}}</ref> In August that year, it also acquired the Freshmarket chain. |
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===Retail and Wholesale=== |
===Retail and Wholesale=== |
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* 260 filling stations across Israel |
* 260 filling stations across Israel |
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* 255 |
* 255 Yellow convenience stores |
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* Pazgas - Israel’s largest gas company, supplying [[Liquefied petroleum gas|LPG]] to over half a million customers |
* Pazgas - Israel’s largest gas company, supplying [[Liquefied petroleum gas|LPG]] to over half a million customers |
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===Industries and Services=== |
===Industries and Services=== |
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* Paz Aviation |
* Paz Aviation |
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* Paz Solar |
* Paz Solar |
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* Paz Lubricants & Chemicals |
* Paz Lubricants & Chemicals |
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* Pazkar |
* Pazkar – manufacturer of bituminous products, waterproofing membranes, coatings and adhesives |
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==Criticism== |
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Paz Oil is listed on the [[United Nations]] [[list of companies operating in West Bank settlements]] on account of its "provision of services and utilities supporting the maintenance and existence of settlements" and "the use of natural resources, in particular water and land, for business |
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==References== |
==References== |
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[[Category:Israeli brands]] |
[[Category:Israeli brands]] |
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[[Category:Companies listed on the Tel Aviv Stock Exchange]] |
[[Category:Companies listed on the Tel Aviv Stock Exchange]] |
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[[Category:Companies in the TA-35 Index]] |
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[[Category:Companies based in Netanya]] |
[[Category:Companies based in Netanya]] |
Latest revision as of 09:22, 16 February 2024
![]() | |
Company type | Public |
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TASE: PZOL | |
Industry | Energy, Retail |
Founded | 1922 |
Headquarters | , |
Key people | Zadik Bino, Owner Yona Fogel, CEO |
Products | Petroleum, Petrochemical |
Revenue | ![]() |
![]() | |
![]() | |
Number of employees | 2000~ (2009) |
Divisions | Refining and Logistics Retail and Wholesale Industries and Services |
Subsidiaries | Yellow Paz Ashdod Refinery Pazgas Paz Solar Paz Aviation |
Website | www.paz.co.il |
Paz Oil Company Ltd. (Hebrew: פז חברת הנפט בע"מ) (TASE: PZOL) is the largest Israeli fuels company. Paz distributes gasoline and other petroleum products through a network of gas stations, as well as LPG and natural gas for home use (cooking and heating) through its subsidiary PazGaz. Paz operates combined cafes and stores in many gas stations, through its subsidiary Yellow. It also owns the supermarket chains Freshmarket and Super Yuda.
History
Foundation, names, and ownership in the 20th century
Paz was founded in 1922, as Anglo-Asiatic Petroleum. From 1927 it operated as part of Royal Dutch Shell, under the name Shell Palestine.
In 1957 Shell decided to withdraw from Israel under economic pressure from Arab countries. In 1958, the company changed to the ownership of the Briton Isaac Wolfson and the French Nahmias brothers and changed its name to Paz Petroleum Company Ltd. The symbol of the company, a yellow triangle, still resembles that of Shell.
Wolfson sold his company holdings in 1981 to the State of Israel, who sold it in 1988 to the Australian Jack Liberman. Since 1999, the Israeli businessman Zadik Bino owns the majority of the shares, with the Liberman family and other groups holding minority interests.
Investments and market reach in the 21st century
In 1999, Paz acquired 74 percent of the Israeli fast food chain Burger Ranch. In late 2001, Paz completed the acquisition of Burger Ranch, becoming 100 percent owners of the chain. New branches of Burger Ranch were opened at Paz gas stations. In 2006, Paz sold the chain to the Israeli businessman Yossi Hoshinski.
In August 2006 Paz won a tender to acquire the Ashdod Oil Refineries with a NIS 3.5 billion bid, from Oil Refineries Ltd; which was forced to break its monopoly on oil refining in Israel. The acquisition made Paz Israel's most powerful energy company and its owner Zadik Bino the industry's most powerful figure.[1]
In 2012, Paz held 30% of the Israeli fuel market and 31% of the Israeli gas stations.[2] On 12 February 2020, Paz Oil was listed on the United Nations list of companies operating in West Bank settlements.[3] On 5 July 2021, Norway's largest pension fund KLP said it would divest from Paz Oil as it helped to power Israeli settlements in the West Bank.[4]
In March 2021, Paz acquired the Super Yuda supermarket chain for 170 million NIS.[5] In August that year, it also acquired the Freshmarket chain.
Operations
Retail and Wholesale
- 260 filling stations across Israel
- 255 Yellow convenience stores
- Pazgas - Israel’s largest gas company, supplying LPG to over half a million customers
Refining and Logistics
Industries and Services
- Paz Aviation
- Paz Solar
- Paz Lubricants & Chemicals
- Pazkar – manufacturer of bituminous products, waterproofing membranes, coatings and adhesives
References
- ^ Kedmi, Sharon (1 Aug 2006), "Paz wins Ashdod refinery tender", Haaretz, retrieved 2010-05-28
- ^ "Paz Oil Company - Company Profile", BusinessWeek, archived from the original on 2012-10-01, retrieved 2010-05-28
- ^ "Database of all business enterprises involved in certain activities relating to Israeli settlements in East Jerusalem and the West Bank (A/HRC/43/71)". UN OCHA. 12 Feb 2020. Retrieved 2021-09-12.
- ^ Fouche, Gwladys; Jessop, Simon (5 July 2021). "Nordic fund KLP excludes 16 companies over links to Israeli settlements in West Bank". Reuters. Retrieved 2021-09-13.
- ^ Gabison, Yoram (7 March 2021). "פז רכשה את סופר יודה ב-170 מיליון שקל ומתכננת להכפיל אותה בתוך שלוש שנים". TheMarker.
רכישת רשת הסופרים התל אביבית התבססה על מכפיל של 8 על הרווח התפעולי התזרימי. סופר יודה, שמונה 16 סניפים, ייצרה הכנסות של 228 מיליון ב-12 החודשים שהסתיימו בספטמבר 2020.