Paz from past to Present

The Development of Paz

The Yellow Symbol
The "Yellow Triangle" of Paz is widely recognized throughout the Israeli public and identified with the name of Paz.. Paz is the leading energy company in Israel, and it is at the vanguard of a service culture characterized by a comprehensive view of the customer's needs, providing a diverse, exact and quick response to every requirement related to energy and road services.

The Paz Reputation
All of Paz's employees as well as the employees of its subsidiaries, in all positions, are committed to the benefit of the customer. Hard work, total commitment and compliance with the most stringent ISO 9002 standard have given the company a reputation of leadership and professionalism.

The Paz History
Paz was founded in 1922 under the name: Anglo-Asiatic Petroleum. In 1927, the company began operations under the name of worldwide Shell and its owners changed its name to Shell Palestine. Shell gave in to the Arab boycott in 1958 and through the intervention of Israel's, Minister of Finance, Levi Eshkol, the company's assets were registered by new shareholders: Isaac Woolfson from England and the Nachmias brothers from France, who changed the company's name for a third time to Paz Petroleum Company Ltd.
In 1981, Woolfson sold his share in the company to the Government of Israel. The State sold its share in the company in 1988 to the Australian millionaire Jack Lieberman, and Paz became a private company. In 1994, the Claridge Group and the Renaissance Fund acquired a third of the company's shares. In 1999, Bino Zadik bought 60% of the company's shares, Jack Lieberman 30%, Mudi Ben Shach - 7%, and 3% were held by others. Bank Leumi, through "Leumi Real Acquisitions", acquired19% of Paz Ltd. from the Bino and Lieberman groups in 2000.


The current structure of the holdings in Paz in 2003 is : Bino Holdings - approx. 51%, the Lieberman Group - 20%, Bank Leumi - 19%, Mudi Ben Shach - 7%, others - 3%.

Paz Today

The Paz Group isIsrael’s largest vertical energy corporation and supplies one third of >Israel’s oil consumption. The Group engages in refining, production, storage, importing and marketing of oil and refined products for ’s energy consumers. The company owns the Ashdod Oil Refinery as well as storage terminals for oil products, and operates a network of 260 retail filling stations and a convenience store chain of over 185 Yellow convenience stores.

The Paz Group maintains diverse operations in the domestic market including the production and distribution of lubricants, chemicals, as well as bitumen sheets and sealants for the construction and infrastructure industries; the Group manufactures stores and distributes jet fuel, and provides automatic fueling services and other vehicle fleet support services.

The Group's solid financial foundation, sophisticated operating methods, highly developed service orientation, and its rare ability to identify and transform marketing opportunities into a rich, high-value reality have all placed Paz at the head ofIsrael's energy companies.

Synergism Effect

Paz, Israel's leading vertical petroleum product corporation owns a refinery that produces a variety of fuel products that are distributed by the Group's companies to a large number of customer groups, or are used as raw materials in the Group's own industrial activities. The Ashdod Refinery, which was founded in 1972, supplies one third of Israel's demand for distillates, including LPG (cooking gas), gasoline, diesel, gas oil, kerosene and heavy fuel oil. "White" products comprise almost 80% of the refinery's output. The refinery, with its current annual production capacity of 1 million tons of petroleum products, is located adjacent to the Ashdod port, and is connected to a national distillate and crude oil piping system, powered by natural gas. With its recent acquisition of the Ashdod Refinery, Paz has become Israel's first vertical petroleum company, with valuable opportunities for synergy and optimization along the entire chain of operations.

Market Share

Paz controls 30% of the domestic energy market. The company operates 260 gas stations, more than any other company in Israel. Its stations are located on Israel's major highways, and in towns and cities nationwide.

Customers

Paz serves a large and diverse customer base. Over 120,000 customers frequent Paz gas stations every day, including private individuals purchase fuel and related products at Paz gas stations, government companies, the IDF, public and private corporations from all industries, agricultural farms, construction companies, airlines and international companies.

Products And Services

Paz is active in numerous synergetic operations designed to satisfy its customers' comprehensive energy and road service needs.

Areas of operation

Refining – performed at the company's Ashdod Refinery. Activities also include trade and import of crude oil and petroleum distillates.

Distribution of petroleum products –

Products are sold to private individuals and vehicles fleets through the Paz chain of gas stations and Pazomat electronic filling devices;

Direct distribution – LPG, kerosene, gas oil, lubricants, chemicals, jet fuel and bitumen products are sold directly to institutional, business and private customers.

Products sold to the infrastructure industry through Paz subsidiaries (Pazgas, Aviation assets and services, Pazkar, Paz Lubricants and Chemicals).

Supersol-Paz Credit Card Club

Supersol, Paz and Leumi Card have recently joined together to offer a new Supersol-Paz credit card. The card offers discounts and benefits when shopping at Supersol, Yellow convenience stores and Paz gas stations. Cardholders also accumulate points on their purchases in other selected chain stores. The new Supersol-Paz credit card allows cardholders to benefit from an additional line of credit for purchases in Israel and abroad.