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Israel
Oil Refineries State Medal, 1978
1978 Silver Medal 59mm (115.70 grams) 0.935 Silver (3.442 oz. ASW)
Reference: # 0370
oil refineries ltd., Two smokestacks on fifth line.
purified seven times PSALMS 12,7, Haifa Oil Refinery view.
Edge Lettering:
STATE OF ISRAEL 0370 SILVER 935
You are bidding on the exact item pictured, provided with a Certificate of Authenticity and Lifetime Guarantee of Authenticity.
 BAZAN Group, (ORL or BAZAN, Hebrew: בז”ן – בתי זיקוק לנפט בע”מ), formerly Oil Refineries Ltd., is an oil refining and petrochemicals company located in Haifa Bay, Israel. It operates the largest oil refinery in the country. ORL has a total oil refining capacity of approximately 9.8 million tons of crude oil per year. ORL provides a variety of products used in industrial operations, agriculture and transportation. ORL is Israel’s largest integrated refining and petrochemical facility. The company also provides storage and transportation services for oil fuel products, as well as electricity and steam to industrial customers in the region.
The company’s beginnings date back to the British Mandate for Palestine when Consolidated Refineries Limited (CRL), a joint venture of Shell and the Anglo-American Oil Company (now Esso), started constructing a sprawling refinery complex which sat at the end of the British-built Mosul-Haifa oil pipeline which stretched from the oil fields near Kirkuk in then British-controlled Iraq.
Construction of the first refinery unit started in 1938 and was carried out by the M. W. Kellogg Co. with assistance from Solel Boneh, with an annual capacity of two million tons of crude oil. Construction was completed in 1944, increasing the annual yield to four million tons of crude oil.
During World War II, the complex supplied refined products to British and American forces operating in the Mediterranean and Middle East theatre, and was bombed many times during the early stage of the war, by Italy. Damage to the refineries was quickly repaired.
Due to concerns about the Arab League Boycott, the British Government sold CRL to the State of Israel in 1958 which then changed its name to Oil Refineries Ltd.
Since then the complex has undergone significant expansion and upgrades. In the past, ORL also owned the Ashdod Oil Refinery in southern Israel and therefore as a company, it held a monopoly over oil refining in the country. This changed in 2006, when Israel’s Government Companies Authority, headed by Eyal Gabbai started privatization processes.
On August 1, 2006, the Ashdod facilities were sold to the Paz Oil Company for 3.5 billion ILS. In February 2007, 44% of the shares were sold to institutional investors. Following this, 46% were sold to the Ofer-Federman group at 3.30 ILS per share, with the remaining shares sold in an IPO on the Tel Aviv Stock Exchange in 2007. There were more than 5,500 requests to buy shares, an unprecedented number.
Since 2008 the company’s historic cooling towers have not been in use. One of the towers was converted into a visitor’s center, which is open to the public for free, multi-sensory tours.
In 2009 the Bazan Group and Olefins companies merged and in 2010 Haifa Basic Oils was fully purchased by Bazan. In 2012 Bazan commissioned UOP’s Unicracking strategies in its plants for production of liquid petroleum gas, naphtha, and kerosene.
More than 70% of ORL’s products are distributed locally (for private and public purposes) and the rest is exported. The company is a direct employer of 1,500 workers and an additional 2,000 contractors; the majority of employees are residents of Haifa and the northern region of Israel.
On June 12, 2020, the eastern cooling tower unexpectedly collapsed.
 Israel (/ˈɪzriəl, ˈɪzreɪəl/; Hebrew: יִשְׂרָאֵל; Arabic: إِسْرَائِيل), officially the State of Israel, is a country in the Middle East, on the southeastern shore of the Mediterranean Sea and the northern shore of the Red Sea. It has land borders with Lebanon to the north, Syria to the northeast, Jordan on the east, the Palestinian territories of the West Bank and Gaza Strip to the east and west, respectively, and Egypt to the southwest. The country contains geographically diverse features within its relatively small area. Israel’s economic and technological center is Tel Aviv, while its seat of government and proclaimed capital is Jerusalem, although the state’s sovereignty over Jerusalem has only partial recognition.
Israel has evidence of the earliest migration of hominids out of Africa. Canaanite tribes are archaeologically attested since the Middle Bronze Age, while the Kingdoms of Israel and Judah emerged during the Iron Age. The Neo-Assyrian Empire destroyed Israel around 720 BCE. Judah was later conquered by the Babylonian, Persian and Hellenistic empires and had existed as Jewish autonomous provinces. The successful Maccabean Revolt led to an independent Hasmonean kingdom by 110 BCE, which in 63 BCE however became a client state of the Roman Republic that subsequently installed the Herodian dynasty in 37 BCE, and in 6 CE created the Roman province of Judea. Judea lasted as a Roman province until the failed Jewish revolts resulted in widespread destruction, expulsion of Jewish population and the renaming of the region from Iudaea to Syria Palaestina.[34] Jewish presence in the region has persisted to a certain extent over the centuries. In the 7th century the Levant was taken from the Byzantine Empire by the Arabs and remained in Muslim control until the First Crusade of 1099, followed by the Ayyubid conquest of 1187. The Mamluk Sultanate of Egypt extended its control over the Levant in the 13th century until its defeat by the Ottoman Empire in 1517. During the 19th century, national awakening among Jews led to the establishment of the Zionist movement in the diaspora followed by waves of immigration to Ottoman and later British Palestine.
 In 1947, the United Nations adopted a Partition Plan for Palestine recommending the creation of independent Arab and Jewish states and an internationalized Jerusalem. The plan was accepted by the Jewish Agency, and rejected by Arab leaders. The following year, the Jewish Agency declared the independence of the State of Israel, and the subsequent 1948 Arab-Israeli War saw Israel’s establishment over most of the former Mandate territory, while the West Bank and Gaza were held by neighboring Arab states. Israel has since fought several wars with Arab countries, and it has since 1967 occupied territories including the West Bank, Golan Heights and the Gaza Strip (still considered occupied after 2005 disengagement, although some legal experts dispute this claim).[41][42][43][fn 4] It extended its laws to the Golan Heights and East Jerusalem, but not the West Bank. Israel’s occupation of the Palestinian territories is the world’s longest military occupation in modern times.[fn 4][49] Efforts to resolve the Israeli-Palestinian conflict have not resulted in a final peace agreement. However, peace treaties between Israel and both Egypt and Jordan have been signed.
In its Basic Laws, Israel defines itself as a Jewish and democratic state. Israel is a representative democracy with a parliamentary system, proportional representation and universal suffrage. The prime minister is head of government and the Knesset is the legislature. Israel is a developed country and an OECD member, with the 32nd-largest economy in the world by nominal gross domestic product as of 2017. The country benefits from a highly skilled workforce and is among the most educated countries in the world with one of the highest percentages of its citizens holding a tertiary education degree. Israel has the highest standard of living in the Middle East, and has one of the highest life expectancies in the world.
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