Paz is Israel’s leading oil refining and marketing energy corporation. The company has been a fixture in the Israeli economy since its establishment more than 85 years ago, and the Paz yellow triangle is one of the strongest and most recognized brands in Israel.

Paz went public on the Tel Aviv Stock Exchange (TASE) at the end of 2006. Considered one of the strongest corporations in the Israeli economy, Paz is one of the companies comprising the Tel Aviv 100 index. Paz is controlled by Bino Holdings, which also has the controlling share in the First International Bank (the fifth largest bank in Israel). Other Paz shareholders include Bank Leumi, the second largest bank in Israel, and the Lieberman family of Australia.

Paz is the largest operator of filling stations and convenience stores in Israel. As of the end of 2006, the Paz chain comprised about 260 filling stations across Israel. One of Paz’s growth areas is its Yellow chain of convenience stores. Five years ago, the company set a goal to transform its filling station complexes into retail centers, including convenience stores, coffee shops and other conveniences that would provide Paz customers with a highly accessible range of grocery items and “on the road” products. In keeping with this goal, over the last few years Paz rapidly opened dozens of its Yellow stores around the country. Currently, the chain numbers about 165 outlets and is still growing.

Paz owns several subsidiaries that are considered market leaders their fields, including:

·          Paz Lubricants and Chemicals: Imports, manufactures and markets thousands of lubricant and solvent products, produces chemicals and recycles used lubricants

·          Pazkar: Produces and markets bitumen, coatings and adhesives used by infrastructure and construction companies domestically and internationally