Iran’s 14 June missile strike on Israel’s largest refinery, the 197,000 b/d Bazan at Haifa in the north threw the government’s conflict preparation plans into immediate disarray. Damage from the strike forced the plant offline at the same time as the country’s only other refinery, the 100,000 b/d Ashdod in the south, was offline for scheduled maintenance.
The Bazan Group initially sought to downplay the scale of the damage, but eventually had to disclose the extent in a 16 June submission to the Tel-Aviv Stock Exchange (TASE). (CONTINUED - 806 WORDS)
