Haifa, Israel — Bazan Group announced Monday evening that it has suspended operations across all its oil refinery facilities and subsidiaries following a direct missile strike by Iran late Sunday night. The attack resulted in substantial damage to the site’s power plant, which supplies vital steam and electricity to the refinery complex.
The company confirmed that three employees were killed in the strike. Bazan extended its deepest condolences to the families of the victims in an official statement.
Efforts are now underway to assess the full scope of the damage and determine the best course of action to restore operations. Bazan is working in close coordination with the Israel Electric Corporation, which "immediately mobilized" to restore a stable electricity supply to the affected facilities.
The Ministry of Energy and Infrastructure reassured the public that Israel's energy sector remains fully capable of meeting national fuel demands. Energy Minister Eli Cohen visited the site Monday morning with senior industry officials to oversee and expedite recovery efforts.
This marks the second attack on Bazan facilities within 48 hours. Over the weekend, an earlier missile strike damaged key pipelines and transmission lines connecting internal sections of the Haifa complex. While no injuries were reported in that incident, the damage contributed to cumulative operational disruption.
Following Monday's announcement, trading in Bazan shares was suspended on the Tel Aviv Stock Exchange. The market is expected to resume trading after the company submits a detailed report on the incident and its implications.
As of Tuesday, although core refinery systems remain functional, certain downstream facilities have been taken offline. Bazan pledged to provide ongoing updates as the situation develops.
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