
Israel's oil refineries privatized: the Palestinian economy perspective
3 April 2008
Over a year has passed since Israel privatized its oil refineries in Haifa and Ashdod to private companies. The Haifa refineries were bought by a group of investors lead by the Ofer brothers, two of Israel’s richest capitalists through their company Israel Corp. The Ashdod refineries were bought by the Paz petrol company owned by Zadik Bino. What may appear to be an internal Israeli matter, has in fact a crucial impact on the Palestinian economy in the West Bank and Gaza Strip as well. Read more about Israel's oil refineries privatized: the Palestinian economy perspective