Oil Refineries Ltd 2024 AR2
The report outlines Bazan Group's operational and financial performance for the fiscal year 2024, highlighting its navigation of challenges arising from the Iron Swords War and geopolitical tensions. During the year, the company successfully completed periodic maintenance on its main crude refining facility (CDU 4), which temporarily reduced utilization rates to 76%. Bazan Group continued its commitment to environmental responsibility, reporting a 53% to 96% reduction in main pollutant emissions since 2012 and preparing for upcoming European sustainability reporting regulations (CSRD). Financially, the company achieved an adjusted consolidated EBITDA of USD 396 million and a net income of USD 113 million, while actively reducing its financial debt by approximately USD 300 million since 2021.
Company: Oil Refineries Ltd
Sector: Energy
Country: Israel
Year: 2024
Type: AR2
Pages: 275
Oil Refineries Ltd
Periodic Report
The report outlines Bazan Group's operational and financial performance for the fiscal year 2024, highlighting its navigation of challenges arising from the Iron Swords War and geopolitical tensions. During the year, the company successfully completed periodic maintenance on its main crude refining facility (CDU 4), which temporarily reduced utilization rates to 76%. Bazan Group continued its commitment to environmental responsibility, reporting a 53% to 96% reduction in main pollutant emissions since 2012 and preparing for upcoming European sustainability reporting regulations (CSRD). Financially, the company achieved an adjusted consolidated EBITDA of USD 396 million and a net income of USD 113 million, while actively reducing its financial debt by approximately USD 300 million since 2021.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Employees