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Paz Oil history
Paz Oil company history timeline
Paz was founded in 1922, as Anglo-Asiatic Petroleum.
1927 – The company begins to operate under Shell worldwide and its owners change its name to Shell Palestine.
From 1927 it operated as part of Royal Dutch Shell, under the name Shell Palestine.
1958 – Shell capitulates to the Arab boycott and through the mediation of then-finance minister Levi Eshkol the company's shares are acquired by the Israeli government and a British Jew named Isaac Wolfson.
1981 – Isaac Wolfson sells his share in the company to the Israeli government.
1988 – The state sells the company to Australian businessman Jack Lieberman and Paz becomes a private company.
1994 – The Claridge Group and the Renaissance Fund acquire a third of the company's shares.
Also in 1999, Paz acquired 74 percent of the Israeli fast food chain Burger Ranch.
2000 – Bank Leumi acquires 19% of the company from the Bino and Lieberman groups.
In late 2001, Paz completed the acquisition, becoming 100 percent owners of the chain.
2006 – Paz wins the government tender for the sale of the Ashdod Oil Refinery and begins its vertical fuel chain operations.
In 2006, Paz sold the chain to the Israeli businessman Yossi Hoshinski.
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Zippia gives an in-depth look into the details of Paz Oil, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Paz Oil. The employee data is based on information from people who have self-reported their past or current employments at Paz Oil. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Paz Oil. The data presented on this page does not represent the view of Paz Oil and its employees or that of Zippia.
Paz Oil may also be known as or be related to Paz Oil, Paz Oil Company and Paz Oil Company Ltd..mw-parser-output .script-hebrew,.mw-parser-output .script-Hebr{font-family:"SBL Hebrew","SBL BibLit","Taamey Ashkenaz","Taamey Frank CLM","Frank Ruehl CLM","Ezra SIL","Ezra SIL SR","Keter Aram Tsova","Taamey David CLM","Keter YG","Shofar","David CLM","Hadasim CLM","Simple CLM","Nachlieli",Cardo,Alef,"Noto Serif Hebrew","Noto Sans Hebrew","David Libre",David,"Times New Roman",Gisha,Arial,FreeSerif,FreeSans.