Bazan

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

Israeli energy group Bazan buys 52% stake in US oil firm Cantium, marking its strategic entry into upstream operations.

|ByJERUSALEM POST STAFF
Bazan Chairman Moshe Kaplinsky
Fire rises from the Bazan power plant in the northern Israeli city of Haifa, June 15, 2025.

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."

|ByYOAV ETIEL
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.

|ByYOAV ETIEL, AMICHAI STEIN
Emergency personnel operate after missiles were launched from Iran to Israel, in Haifa, Israel, 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.

|BySARAH BEN-NUN, REUTERS

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

JUNE 4, 2025ByJERUSALEM POST STAFF
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.

MARCH 12, 2025ByJERUSALEM POST STAFF
Bazan Chairman Moshe Kaplinsky