Middle East Economic Survey


No 40



Israel Corporation Says No Longer Eyeing Paz Oil Investment

Israel Corporation announced on 25 September that it is no longer looking to acquire a stake in the countrys largest fuel retailer Paz Oil, following Paz acquisition of Israels 90,000 b/d Ashdod refinery in the first stage of the privatization of Israel Oil Refineries (IOR) in July (MEES, 7 August). In a statement to the stock exchange, Israel Corporation, which holds stakes in...