Israel Pure Fuel Strains Firm says Minister of Vitality and Infrastructure Eli Cohen has ordered a short lived halt to the circulation of pure gasoline from the Karish and Leviathan offshore gasoline fields.
Authorities firm The Israel Pure Fuel Strains Firm (TASE: INGL) notified the Tel Aviv Inventory Trade (TASE) this morning that Minister of Vitality and Infrastructure Eli Cohen has ordered a short lived halt to the circulation of pure gasoline from the Karish and Leviathan offshore gasoline fields because of the safety state of affairs. Among the many TASE corporations affected are NewMed Vitality Partnerships (TASE: NWMD) and Ratio Energies (TASE: RATI), which personal stakes in Leviathan and Energean plc (LSE: ENOG; TASE: ENOG), which operates the Karish discipline.
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As well as, Bazan Group (TASE: BZN), (previously Oil Refineries) knowledgeable the TASE that on account of the Iranian missile assault within the north final night time, it suffered localized harm to its transmission pipeline, on the Haifa Bay complicated. The corporate added that there have been no accidents or casualties. Regardless of the harm, the corporate added that as of this date, “the refining amenities proceed to function, whereas among the downstream amenities (refining numerous merchandise) on the complicated have been shut down.”
Bazan says it’s inspecting the impression on its operations, in addition to “the way and timing of the return to operation of the aforementioned downstream amenities, together with the implications of the harm on its monetary outcomes, amongst different issues, bearing in mind its rights, together with below the Property Tax Legislation.” Bazan’s market cap this morning was NIS 2.7 billion.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on June 15, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
Bazan refineries Haifa Bay credit score: Shlomi Yosef
