Israel’s 100,000 b/d Paz Ashdod Refinery on 30 August began trading as an independent company on the Tel Aviv Stock Exchange (TASE), concluding its spin off from the Paz Group, with the latter now set to focus on fuel retail and associated convenience stores.

The spin-off leaves Paz Ashdod as “an independent energy supplier able to realize the potential that lies in its business assets,” Paz Group CEO Nir Sztern says (MEES, 2 December 2022). (CONTINUED - 723 WORDS)