Latest news with #BazanGroup
Shafaq News
3 hours ago
- Business
- Shafaq News
Iran strike shuts down Haifa refinery
Shafaq News/ Israel's Bazan Group shut down all operations at its Haifa oil refinery after an Iranian missile strike severely damaged its power plant, the company announced on Monday. Bazan Group, which operates Israel's largest refining facility, confirmed in a filing to the Tel Aviv Stock Exchange that the power plant supplying steam and electricity had sustained 'significant damage,' forcing all refinery and subsidiary operations offline. The attack formed part of Iran's Operation True Promise 3, a retaliatory strike following Israeli air raids on nuclear and military facilities in Natanz, Fordow, and Tehran. The Haifa refinery is a critical hub in Israel's energy infrastructure, providing a substantial portion of the country's fuel and petrochemical output. Its suspension raised concerns over supply resilience as tensions escalate. Iran's Islamic Revolutionary Guard Corps (IRGC) claimed responsibility for the strike, calling it a 'strategic warning.' In response, Israeli Prime Minister Benjamin Netanyahu warned Tehran would 'pay a very heavy price.' The incident rattled global energy markets. Brent crude surged more than 5% amid fears of regional supply disruptions and a spillover across the Middle East. Western governments have urged both sides to exercise restraint, warning that continued escalation could ignite a wider regional conflict involving proxy forces across Lebanon, Syria, Iraq, and Yemen.
Al Arabiya
4 hours ago
- Business
- Al Arabiya
Israel's Bazan Group says all refinery facilities shut down after Iranian attack
Israel's Haifa-based Bazan Group said all refinery facilities have been shut down after a power station used to produce steam and electricity were significantly damaged in an attack by Iran, according to a regulatory filing on Monday. The group said the Iranian attack resulted in the death of three company employees. The refinery is located in Haifa Bay, according to Israeli media.
NDTV
4 hours ago
- Business
- NDTV
Israel's Haifa Refinery Facilities Shut Down After Iranian Attack
Israel's Haifa-based Bazan Group said all refinery facilities have been shut down after a power station used to produce steam and electricity were significantly damaged in an attack by Iran, according to a regulatory filing on Monday. The group said the Iranian attack resulted in the death of three company employees. The refinery is located in Haifa Bay, according to Israeli media.
Reuters
4 hours ago
- Business
- Reuters
Israel's Haifa-based Bazan group says all refinery facilities shut down after Iranian attack
June 16 (Reuters) - Israel's Haifa-based Bazan Group said all refinery facilities have been shut down after a power station used to produce steam and electricity were significantly damaged in an attack by Iran, according to a regulatory filing on Monday. The group said the Iranian attack resulted in the death of three company employees. The refinery is located in Haifa Bay, according to Israeli media.
Egypt Independent
14 hours ago
- Business
- Egypt Independent
In blow to Israel's energy lifeline, Iranian missile strikes key Israeli refinery
Iran targeted Israel's Haifa oil refinery with a hypersonic missile in a precise strike as part of 'Operation True Promise III.' This action was a direct response to previous Israeli strikes against Iranian military commanders and nuclear sites. Key refinery Israeli media revealed Monday morning that the targeted Haifa refinery, operated within the Bazan chemicals complex, is Israel's largest, processing approximately 10 million tons of crude oil annually, equivalent to 200,000 barrels per day. It also supplies energy and petroleum products to Europe. Located in the eastern industrial zone of Haifa city in northern Israel, the Haifa refinery is one of the oldest and most vital facilities in Israel's energy sector. Managed by the Bazan Group, it forms part of the petrochemical complex in Haifa Bay and plays a pivotal role in refining crude oil into advanced petroleum products. The refinery produces a wide array of products, including gasoline, diesel, jet fuel, lubricants, and petrochemicals, with a significant portion re-exported to European markets, making it a strategically important regional target. The Haifa refinery is also known for its advanced facilities, which include hydrocracking units, chemical processing, and extensive pipelines connecting it to ports and distribution plants. Despite environmental controversies regarding its impact on city residents, the refinery remains one of the most crucial sources of Israel's national energy income. According to a statement from the Bazan Group, pipelines within the complex sustained localized damage from the shelling. Refinery operations continued, though some other units were shut down as a precautionary measure. Bazan confirmed no human casualties. Iran's Mehr News Agency reported flames rising from the facility, indicating fires and explosions following the missile strike. An official Iranian TV channel also confirmed the strike was carried out with a hypersonic missile, marking a significant escalation in the mutual attacks. Iran strikes back Iranian attacks persisted over the past hours, with Iranian armed forces targeting strategic locations in northern and central Israel, including the ammonia plant at Haifa Port, the power generation station, and Nevatim Air Base near Tel Aviv. The Israel Broadcasting Authority reported 100 injuries and five fatalities among civilians and military personnel as a result of these attacks. Ambrey, a British maritime security firm, reported that infrastructure at Haifa Port was damaged by missile bombardment, confirming the observation of intense fires around the power station. This comes as Israeli authorities announced that air defense systems failed to intercept at least ten missiles that struck Tel Aviv and Haifa. Over the past few hours, powerful explosions were heard across Jerusalem, prompting emergency services to declare a state of maximum alert. The Home Front Command issued urgent instructions to residents to seek shelter and refrain from sharing any footage of strike sites on social media, warning that the enemy could use such footage to improve targeting accuracy later. Iran's Revolutionary Guard Corps (IRGC) announced that its recent attacks successfully disabled multi-layered Israeli defense systems using modern military techniques and methods. Iran's Fars News Agency published a video clip showing the moment missiles were launched and impacted the targeted facilities. The Iranian attacks followed days of extensive Israeli escalation, which included dozens of airstrikes using drones and missiles on sites inside Iran. These targets included nuclear facilities in Natanz and Isfahan, government headquarters in Tehran, and Mashhad Airport in the east of the country, resulting in dozens of deaths, including several IRGC commanders. Rising death toll Iran's Ministry of Health officially announced that the death toll from Israeli attacks since Friday has reached 224, with over 1,000 injured, noting that more than 90 percent of the victims are civilians. Additionally, Iran's Mehr News Agency reported the downing of an Israeli drone in Ilam province, western Iran. In response, the Israeli army stated that the Iranian retaliation was anticipated and had been monitored from the first moment. They affirmed that Israel would respond forcefully to any threat to its national security. Preliminary assessments suggest that the Iranian strikes against energy facilities could negatively impact energy flow to Europe,especially given the strategic importance of the Haifa refinery as a major hub for exporting fuel and its derivatives. Edited translation from Al-Masry Al-Youm
