Israel's largest fuel and gas retailer, supplying Israel's illegal settlements, military, police, and prisons.
Paz* is one of the main suppliers of jet fuel to the Israeli Air Force, alongside Valero. The Israeli Ministry of Defense initially contracted Paz in 2017 for five years, and the contract was extended until the end of 2026. Paz is one of two Israeli companies that produce jet fuel out of imported crude oil. In addition to the Israeli Air Force, it supplies jet fuel to the Israeli Police, Israel Aerospace Industries, and is also the largest supplier of jet fuel for Israel's commercial market.
Other than jet fuel, Paz provides gasoline and other services to the vehicle fleets of the Israeli military, including its units that directly administer the illegal occupation of the Palestinian Territory, like the Coordinator of Government Activities in the Territories (COGAT) and the Israeli Civil Administration (ICA). It also supplies the Israel Police and Prison Service.As part of its retail business of gas stations and convenience stores, Paz operates 17 gas stations in illegal Israeli settlements in the occupied West Bank and Golan heights, as documented by Who Profits.
Outside of Israel, Paz is part of the SUNRAY solar energy project in Uvalde County, Texas.
*Paz Retail And Energy Ltd changed its official name from Paz Oil Ltd in October 2024.
- In May 2024, the Government Pension Fund of Norway, the world's largest sovereign wealth fund, excluded Paz from its investment universe "due to an unacceptable risk that the company is contributing to serious violation of the rights of individuals in situations or war or conflict." The fund added that by operating infrastructure for the supply of fuel to the Israeli illegal settlements in the occupied the West Bank, "Paz is contributing to their perpetuation" and is therefore "contributing to the violation of international law."
- 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.