Government Officials Push to Approve Shapir's Control of Ashdod Refinery
Translated & summarized from TheMarker by baba
Senior Israeli government officials are pushing to allow Shapir company to gain control of the Ashdod Oil Refinery, overturning a decision made three months prior. The Concentration Committee had initially rejected the bid due to concerns over market concentration. Former competition regulators argue there is no justification for reversing the decision, citing a lack of changed circumstances.
The story in 4 lines · by baba
- Senior government officials are pushing to approve Shapir's control of the Ashdod Oil Refinery.
- The Concentration Committee had rejected Shapir's bid three months ago.
- Former competition commissioners oppose overturning the prior decision.
- A new discussion on the refinery control bid is scheduled for November.
Senior government officials, including the Director General of the Ministry of Energy Yossi Dayan and the Chairman of the National Economic Council Prof. Avi Simhon, are pressing to overturn a previous decision that blocked Shapir's bid to gain control of the Ashdod Oil Refinery (Bazei Azor, or BAZA). The request was initially rejected by the Concentration Committee just three months ago due to concerns about market concentration.
A new discussion on the matter has been scheduled for November. However, former Commissioners for Competition Dror Shtrom and Prof. David Gila have voiced strong opposition, arguing that there has been no change in circumstances to justify reversing the decision. Shtrom stated that the Concentration Committee's role is precisely to prevent such takeovers and questioned the ongoing deliberation. Gila added that the decision should not be altered, especially given that two committee members are appointed by potentially changing political figures.
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