The largest gas and energy supplier in Israel. Operates gas stations in and supplies cooking gas to illegal settlements in the occupied West Bank and Golan Heights. Part of a duopoly with exclusive rights to supply gas to the Gaza strip.
The biggest Israeli gas and energy supplier.
In May 2012, Paz extended its contract with the Palestinian Authority to supply petroleum to the West Bank and the Gaza Strip. The company supplies more then 50% of all the petrol consumed by the Palestinian Authority, which constitutes a captive market for Paz products. From 2007-2013, Paz was a major petrol supplier to the Israeli Army.
The company operates gas stations in illegal Israeli settlements in the occupied West Bank including Ma'ale Adumim, Kiryat Arba, Pisgat Ze'ev, Gilo, Karnei Shomron, and Ofra. In addition, the company operates gas stations in the illegal settlement of Argaman in the Jordan valley and in the occupied Golan heights.
Subsidiary company PazGas supplies cooking gas to illegal settlements including Ma'ale Adumim and the outpost settlement of Havat Maon in the occupied West Bank.
- In July 2021, Norway's largest pension fund KLP announced that it would divest assets in 16 companies that "contribute[d] to violations of human rights in war and conflict situations through their affiliation with the Israeli settlements in the occupied West Bank." The companies that KLP named include Alstom, Altice Europe, Ashtrom, Bank Hapoalim, Bank Leumi, Bank Mizrahi Tefahot, Bezeq, Cellcom, Delek, Electra, Energix Renewable Energies, First Interntional Bank of Israel, Israel Discount Bank, Motorola, Partner, and Paz Oil Company. KLP held investments totaling approximately $31.8 million in the companies at the time of its decision.
- In November 2020, San Francsico State University's student government passed a resolution calling for the university to pull out of investments in companies that do business in Israeli settlements, referencing the 112 companies linked to the illegal settlements in Palestine as listed by the United Nations.
- In October 2020, Fresno State University’s student government voted in favor of a divestment resolution calling for the university to divest from the 112 companies linked to the illegal settlements in Palestine, as listed by the United Nations.