Paz Energy
Full Text
פז קמעונאות ואנרגיה בע"מ
Head office: Yakum Greenwork, Building D, Yakum 6097200, Israel. Tel.: +972-9-8631103
A publicly traded Israeli energy corporation and supplier of gas and fuel products, and a major Israeli gas and energy supplier.
Paz Group operates a network of gas stations, electric vehicle charging stations, the “Yellow” convenience store chain, and the “Yuda” supermarket chain. The group is also engaged in direct marketing of petroleum products for industry and private consumption, in marketing and supplying jet fuel refueling services to airlines, and in the production of oils for industry and vehicles.
Services to Settlements
The company operates petrol stations and convenience stores in settlements in the occupied West Bank, East Jerusalem and the Syrian Golan.
The company operates 13 petrol stations in settlements in the occupied West Bank, East Jerusalem and the Syrian Golan. These include petrol stations in the settlements of Karnei Shomron, Alfei Menashe, Ma’ale Adumim, Ariel, Kiryat Arba, Mishor Adumim Industrial Zone, and in Shilat Junction in the occupied West Bank, and in the settlement neighborhoods of Ramat Eshkol, Gilo, Ramot, and Pisgat Ze’ev, and on the Tunnel Road in occupied East Jerusalem. In addition, the company has petrol stations in the settlement of Katzrin and Merom Golan in the occupied Syrian Golan. Additionally, the company operates petrol stations in the Palestinian town of al-Aizariya in the occupied West Bank and in the Palestinian neighborhoods of Beit Hanina and al-Sawana in occupied East Jerusalem.
The company operates “Yellow” convenience stores in settlements in the occupied West Bank, East Jerusalem and the Syrian Golan. These include stores in the settlements of Karnei Shomron, Ma’ale Adumim, Alfei Menashe, Beit El, Kiryat Arba and Ofra in the occupied West Bank, two stores in East Jerusalem including in the settlement neighborhood of Pisgat Ze’ev, and a store in the settlement of Katzrin in the occupied Syrian Golan.
Captive Market
Paz enjoys access to the captive Palestinian market and has been supplying fuel to the Palestinian Authority since 2006.
In 2024, the Palestinian Authority was the company's largest customer, with sales amounting to approximately NIS 1.6 billion. In 2024, the company supplied approximately 50% of the Palestinian Authority's petroleum product consumption and approximately 73% of the LPG (Liquefied Petroleum Gas) consumption in the occupied West Bank.
As collateral, the company collects the payment, plus interest, from Palestinian fuel-related tax revenues held by the Israeli government.
In December 2020, Paz signed an agreement with the Authority to supply approximately 50% of fuel consumption and approximately 80% of liquefied petroleum gas (LPG) consumption in the West Bank, effective from January 1, 2021, to December 31, 2022. In April 2022, the agreement was extended until December 31, 2025, and in January 2025, it was extended until December 31, 2027. According to the agreement, only Paz has the right to terminate the agreement at any time.
Services to the Israeli Ministry of Defense
Fueling Services for the Israeli Air Force
The company’s fully owned subsidiary, Paz Aviation Services, provides refueling services for aircraft and aviation fuel infrastructure maintenance services at seven Air Force bases under an agreement with the Israeli Ministry of Defense (IMOD).
In 2016, the company won a tender by the IMOD to provide fueling services at seven Israeli Air Force bases, including refueling services for aircraft and aviation fuel infrastructure maintenance services, until December 31, 2026. The company provides the Air Force with jet fuel and aviation gasoline, and storage services for Air Force bases.
Additionally, the company provides fuel and accompanying services to the Coordinator of Government Activities in the Territories (COGAT), including to the Israeli Civil Administration (ICA) in the occupied West Bank and the Israeli military District Coordination and Liaison (DCL) in Gaza.
Services to the Israeli Civil Administration
The company provides the Israeli Civil Administration (ICA) in the occupied West Bank, headquartered in the settlement of Beit El, with fuel and fueling services for the ICA vehicles, maintenance, and diesel for generators.
In October 2024, the company was contracted to provide fuel for ICA vehicles until end of December 2024 for NIS 694,780. In December 2023, the company was contracted to provide fuel for ICA vehicles until end of December 2024 for NIS 2,525,957. In February 2023, the company was contracted to provide fuel for ICA vehicles until end of December 2023 for NIS 2,750,551.
In February 2023, the company was contracted to provide the ICA with fuel, including for the ICA Central Supervision Unit and Water Unit, until end of December 2023 for NIS 4,522,255. In January 2023, the company was contracted to provide the ICA with diesel for generator for NIS 169,244.
In December 2022, the company was contracted to provide the ICA with vehicle refueling and car washing services, including for various works in the area of the Separation Wall in the occupied West Bank, for NIS 12,114,406.
In 2021, the company provided the ICA in Beit El with fuel for NIS 4,270,907. In 2020, the company provided fuel for ICA vehicles and diesel for generators for a total of NIS 6,858,390.
Services to the District Coordination and Liaison Gaza
In December 2023, the company provided fueling services to DCL Gaza for NIS 519,100. In December 2022, the company provided fuel services to DCL Gaza for NIS 560,000. In 2021, the company provided fuel services to DCL Gaza for NIS 305,165. In 2020, the company provided fuel services to DCL Gaza for NIS 265,000.
Services to the Israel Police
The company supplies fuel to the Israel Police vehicles.
In 2020, the company was awarded a tender by the Israel Police to supply fuel to police vehicles, both at internal stations and at public stations using refueling devices, for a period of four years. In February 2021, the company began supplying fuels to the Israel Police. In February 2025, the Israel Police extended the agreement period for an additional three years.
In March 2023, the company’s fully owned subsidiary, Paz Lubricants & Chemicals, won a tender from the Israel Police for the procurement and supply of oils, lubricating greases and various fluids, procurement of oil storage tanks and their maintenance, collection and disposal of used oil, disposal of used oil filters and empty packaging from police vehicle workshops
Services to the Israel Prison Service
In January 2021, Paz was contracted by the Israel Prison Service (IPS) to provide it with fuel for its vehicles for NIS 16,599,999.
In February 2021, Paz was contracted to provide the IPS with fuel for heating and cooling for NIS 4,349,500.
A publicly traded Israeli energy corporation and supplier of gas and fuel products, and a major Israeli gas and energy supplier.
Paz Group operates a network of gas stations, electric vehicle charging stations, the “Yellow” convenience store chain, and the “Yuda” supermarket chain. The group is also engaged in direct marketing of petroleum products for industry and private consumption, in marketing and supplying jet fuel refueling services to airlines, and in the production of oils for industry and vehicles.
Services to Settlements
The company operates petrol stations and convenience stores in settlements in the occupied West Bank, East Jerusalem and the Syrian Golan.
The company operates 13 petrol stations in settlements in the occupied West Bank, East Jerusalem and the Syrian Golan. These include petrol stations in the settlements of Karnei Shomron, Alfei Menashe, Ma’ale Adumim, Ariel, Kiryat Arba, Mishor Adumim Industrial Zone, and in Shilat Junction in the occupied West Bank, and in the settlement neighborhoods of Ramat Eshkol, Gilo, Ramot, and Pisgat Ze’ev, and on the Tunnel Road in occupied East Jerusalem. In addition, the company has petrol stations in the settlement of Katzrin and Merom Golan in the occupied Syrian Golan. Additionally, the company operates petrol stations in the Palestinian town of al-Aizariya in the occupied West Bank and in the Palestinian neighborhoods of Beit Hanina and al-Sawana in occupied East Jerusalem.
The company operates “Yellow” convenience stores in settlements in the occupied West Bank, East Jerusalem and the Syrian Golan. These include stores in the settlements of Karnei Shomron, Ma’ale Adumim, Alfei Menashe, Beit El, Kiryat Arba and Ofra in the occupied West Bank, two stores in East Jerusalem including in the settlement neighborhood of Pisgat Ze’ev, and a store in the settlement of Katzrin in the occupied Syrian Golan.
Captive Market
Paz enjoys access to the captive Palestinian market and has been supplying fuel to the Palestinian Authority since 2006.
In 2024, the Palestinian Authority was the company's largest customer, with sales amounting to approximately NIS 1.6 billion. In 2024, the company supplied approximately 50% of the Palestinian Authority's petroleum product consumption and approximately 73% of the LPG (Liquefied Petroleum Gas) consumption in the occupied West Bank.
As collateral, the company collects the payment, plus interest, from Palestinian fuel-related tax revenues held by the Israeli government.
In December 2020, Paz signed an agreement with the Authority to supply approximately 50% of fuel consumption and approximately 80% of liquefied petroleum gas (LPG) consumption in the West Bank, effective from January 1, 2021, to December 31, 2022. In April 2022, the agreement was extended until December 31, 2025, and in January 2025, it was extended until December 31, 2027. According to the agreement, only Paz has the right to terminate the agreement at any time.
Services to the Israeli Ministry of Defense
Fueling Services for the Israeli Air Force
The company’s fully owned subsidiary, Paz Aviation Services, provides refueling services for aircraft and aviation fuel infrastructure maintenance services at seven Air Force bases under an agreement with the Israeli Ministry of Defense (IMOD).
In 2016, the company won a tender by the IMOD to provide fueling services at seven Israeli Air Force bases, including refueling services for aircraft and aviation fuel infrastructure maintenance services, until December 31, 2026. The company provides the Air Force with jet fuel and aviation gasoline, and storage services for Air Force bases.
Additionally, the company provides fuel and accompanying services to the Coordinator of Government Activities in the Territories (COGAT), including to the Israeli Civil Administration (ICA) in the occupied West Bank and the Israeli military District Coordination and Liaison (DCL) in Gaza.
Services to the Israeli Civil Administration
The company provides the Israeli Civil Administration (ICA) in the occupied West Bank, headquartered in the settlement of Beit El, with fuel and fueling services for the ICA vehicles, maintenance, and diesel for generators.
In October 2024, the company was contracted to provide fuel for ICA vehicles until end of December 2024 for NIS 694,780. In December 2023, the company was contracted to provide fuel for ICA vehicles until end of December 2024 for NIS 2,525,957. In February 2023, the company was contracted to provide fuel for ICA vehicles until end of December 2023 for NIS 2,750,551.
In February 2023, the company was contracted to provide the ICA with fuel, including for the ICA Central Supervision Unit and Water Unit, until end of December 2023 for NIS 4,522,255. In January 2023, the company was contracted to provide the ICA with diesel for generator for NIS 169,244.
In December 2022, the company was contracted to provide the ICA with vehicle refueling and car washing services, including for various works in the area of the Separation Wall in the occupied West Bank, for NIS 12,114,406.
In 2021, the company provided the ICA in Beit El with fuel for NIS 4,270,907. In 2020, the company provided fuel for ICA vehicles and diesel for generators for a total of NIS 6,858,390.
Services to the District Coordination and Liaison Gaza
In December 2023, the company provided fueling services to DCL Gaza for NIS 519,100. In December 2022, the company provided fuel services to DCL Gaza for NIS 560,000. In 2021, the company provided fuel services to DCL Gaza for NIS 305,165. In 2020, the company provided fuel services to DCL Gaza for NIS 265,000.
Services to the Israel Police
The company supplies fuel to the Israel Police vehicles.
In 2020, the company was awarded a tender by the Israel Police to supply fuel to police vehicles, both at internal stations and at public stations using refueling devices, for a period of four years. In February 2021, the company began supplying fuels to the Israel Police. In February 2025, the Israel Police extended the agreement period for an additional three years.
In March 2023, the company’s fully owned subsidiary, Paz Lubricants & Chemicals, won a tender from the Israel Police for the procurement and supply of oils, lubricating greases and various fluids, procurement of oil storage tanks and their maintenance, collection and disposal of used oil, disposal of used oil filters and empty packaging from police vehicle workshops
Services to the Israel Prison Service
In January 2021, Paz was contracted by the Israel Prison Service (IPS) to provide it with fuel for its vehicles for NIS 16,599,999.
In February 2021, Paz was contracted to provide the IPS with fuel for heating and cooling for NIS 4,349,500.
Paz Energy
פז קמעונאות ואנרגיה בע"מ
Head office: Yakum Greenwork, Building D, Yakum 6097200, Israel.
Tel.: +972-9-8631103
A publicly traded Israeli energy corporation and supplier of gas and fuel products, and a major Israeli gas and energy supplier.
Paz Group operates a network of gas stations, electric vehicle charging stations, the “Yellow” convenience store chain, and the “Yuda” supermarket chain. The group is also engaged in direct marketing of petroleum products for industry and private consumption, in marketing and supplying jet fuel refueling services to airlines, and in the production of oils for industry and vehicles.
Services to Settlements
The company operates petrol stations and convenience stores in settlements in the occupied West Bank, East Jerusalem and the Syrian Golan.
The company operates 13 petrol stations in settlements in the occupied West Bank, East Jerusalem and the Syrian Golan. These include petrol stations in the settlements of Karnei Shomron, Alfei Menashe, Ma’ale Adumim, Ariel, Kiryat Arba, Mishor Adumim Industrial Zone, and in Shilat Junction in the occupied West Bank, and in the settlement neighborhoods of Ramat Eshkol, Gilo, Ramot, and Pisgat Ze’ev, and on the Tunnel Road in occupied East Jerusalem. In addition, the company has petrol stations in the settlement of Katzrin and Merom Golan in the occupied Syrian Golan. Additionally, the company operates petrol stations in the Palestinian town of al-Aizariya in the occupied West Bank and in the Palestinian neighborhoods of Beit Hanina and al-Sawana in occupied East Jerusalem.
The company operates “Yellow” convenience stores in settlements in the occupied West Bank, East Jerusalem and the Syrian Golan. These include stores in the settlements of Karnei Shomron, Ma’ale Adumim, Alfei Menashe, Beit El, Kiryat Arba and Ofra in the occupied West Bank, two stores in East Jerusalem including in the settlement neighborhood of Pisgat Ze’ev, and a store in the settlement of Katzrin in the occupied Syrian Golan.
Captive Market
Paz enjoys access to the captive Palestinian market and has been supplying fuel to the Palestinian Authority since 2006.
In 2024, the Palestinian Authority was the company's largest customer, with sales amounting to approximately NIS 1.6 billion. In 2024, the company supplied approximately 50% of the Palestinian Authority's petroleum product consumption and approximately 73% of the LPG (Liquefied Petroleum Gas) consumption in the occupied West Bank.
As collateral, the company collects the payment, plus interest, from Palestinian fuel-related tax revenues held by the Israeli government.
In December 2020, Paz signed an agreement with the Authority to supply approximately 50% of fuel consumption and approximately 80% of liquefied petroleum gas (LPG) consumption in the West Bank, effective from January 1, 2021, to December 31, 2022. In April 2022, the agreement was extended until December 31, 2025, and in January 2025, it was extended until December 31, 2027. According to the agreement, only Paz has the right to terminate the agreement at any time.
Services to the Israeli Ministry of Defense
Fueling Services for the Israeli Air Force
The company’s fully owned subsidiary, Paz Aviation Services, provides refueling services for aircraft and aviation fuel infrastructure maintenance services at seven Air Force bases under an agreement with the Israeli Ministry of Defense (IMOD).
In 2016, the company won a tender by the IMOD to provide fueling services at seven Israeli Air Force bases, including refueling services for aircraft and aviation fuel infrastructure maintenance services, until December 31, 2026. The company provides the Air Force with jet fuel and aviation gasoline, and storage services for Air Force bases.
Additionally, the company provides fuel and accompanying services to the Coordinator of Government Activities in the Territories (COGAT), including to the Israeli Civil Administration (ICA) in the occupied West Bank and the Israeli military District Coordination and Liaison (DCL) in Gaza.
Services to the Israeli Civil Administration
The company provides the Israeli Civil Administration (ICA) in the occupied West Bank, headquartered in the settlement of Beit El, with fuel and fueling services for the ICA vehicles, maintenance, and diesel for generators.
In October 2024, the company was contracted to provide fuel for ICA vehicles until end of December 2024 for NIS 694,780. In December 2023, the company was contracted to provide fuel for ICA vehicles until end of December 2024 for NIS 2,525,957. In February 2023, the company was contracted to provide fuel for ICA vehicles until end of December 2023 for NIS 2,750,551.
In February 2023, the company was contracted to provide the ICA with fuel, including for the ICA Central Supervision Unit and Water Unit, until end of December 2023 for NIS 4,522,255. In January 2023, the company was contracted to provide the ICA with diesel for generator for NIS 169,244.
In December 2022, the company was contracted to provide the ICA with vehicle refueling and car washing services, including for various works in the area of the Separation Wall in the occupied West Bank, for NIS 12,114,406.
In 2021, the company provided the ICA in Beit El with fuel for NIS 4,270,907. In 2020, the company provided fuel for ICA vehicles and diesel for generators for a total of NIS 6,858,390.
Services to the District Coordination and Liaison Gaza
In December 2023, the company provided fueling services to DCL Gaza for NIS 519,100. In December 2022, the company provided fuel services to DCL Gaza for NIS 560,000. In 2021, the company provided fuel services to DCL Gaza for NIS 305,165. In 2020, the company provided fuel services to DCL Gaza for NIS 265,000.
Services to the Israel Police
The company supplies fuel to the Israel Police vehicles.
In 2020, the company was awarded a tender by the Israel Police to supply fuel to police vehicles, both at internal stations and at public stations using refueling devices, for a period of four years. In February 2021, the company began supplying fuels to the Israel Police. In February 2025, the Israel Police extended the agreement period for an additional three years.
In March 2023, the company’s fully owned subsidiary, Paz Lubricants & Chemicals, won a tender from the Israel Police for the procurement and supply of oils, lubricating greases and various fluids, procurement of oil storage tanks and their maintenance, collection and disposal of used oil, disposal of used oil filters and empty packaging from police vehicle workshops
Services to the Israel Prison Service
In January 2021, Paz was contracted by the Israel Prison Service (IPS) to provide it with fuel for its vehicles for NIS 16,599,999.
In February 2021, Paz was contracted to provide the IPS with fuel for heating and cooling for NIS 4,349,500.
Ownership
The company is publicly traded on the Tel Aviv Stock Exchange under the ticker symbol: PAZ (TASE: PAZ)
Major shareholders include: Migdal Insurance and Financial Holdings Ltd. (9.47%), Menora Mivtachim Holdings Ltd. (9.15%), Harel Insurance Investments & Financial Services Ltd. (8.74%), Meitav DS Investments Ltd. (7.56%), The Phoenix Financial Ltd. (6.9%), More Provident Funds and Pension Ltd. (6.85%), Clal Insurance Enterprises Holdings Ltd. (6.25%), Summit Real Estate Holdings Ltd. (4.93%).
Chair of the Board of Directors: Harel Locker
CEO: Nir Sztern
Subsidiaries
Nituv Gas Stations Ltd. (100%), Paz Aviation Services Ltd., Paz Aviation Assets Ltd. (100%), Paz Lubricants & Chemicals Ltd. (100%), Paz Movil Ltd. (100%), Nationwide Retail Ltd. (100%), Pazgaz Ltd. (100%), Sunray (25%).
Partners
* This section refers to the company's general business partners
Company Response
Settlements
Alfei Menashe | Ariel | Beit El | Gilo | Karnei Shomron | Katzrin | Kiryat Arba | Ma'ale Adumim | Merom Golan | Ofra | Pisgat Ze'ev | Ramat Eshkol | Ramot