Paz, Israel’s leading Energy Group has been meeting local energy needs since 1922. The Group manufactures and markets petroleum-based products, fuels lubricants, additives, and specialty chemicals and operates the leading filling stations and convenience stores network in Israel.
Today the company major shareholders are Bino Holdings, instance Holdings Ltd. and Dolphin Energies Ltd, and considered one of Israel's strongest companies, particularly in the energy sector. Paz is listed on the Tel Aviv stock Exchange's flagship Tel Aviv 25 Index, which tracks the share of the 25 companies with highest market capitalization on the Tel Aviv Stock Exchange. it has reached and maintained that status by exhibiting vision, innovation and creativity.
In 2006 Paz conducted one of the largest-ever IPOs on the Tel Aviv Stock Exchange and acquired the Ashdod Oil Refinery. The acquisition significantly expanded Paz’s capabilities, cemented its position as a leader in the energy field, and created a vertically integrated organization with synergies that increase the profit of the entire Paz Group.
This flexible yet stable financial structure allows the Group to respond more effectively to market trends by developing new products and services to meet the ongoing changes in consumer needs.
Paz comprises three main business divisions: Refining and Logistic, Retail and Wholesale, Industries and Services. Each division has the expertise to meet its customers’ needs, while also enhancing the group’s competitive advantage, products and services quality.
Paz services a very diverse clientele, ranging from the Israel government and Israel Defense Forces, through leading industrial, technological and commercial clients, to small businesses and privet customers.