Economy · Full coverage
Antitrust Committee Blocks Shapir Energy's Bid to Increase Stake in Ashdod Oil Refinery
How 2 Israeli newsrooms covered this story — translated into English and compared side by side.
Unrated 2
First reported by Calcalist · 16 minutes ago
What happened
Israel's Antitrust Committee blocked Shapir Energy's plan to raise its stake in Bazan Ashdod refinery from 10% to 65%, citing excessive market concentration. The decision came amid rising refinery profits due to global supply disruptions.
- 01Israel's Antitrust Committee blocked Shapir Energy's plan to increase Bazan Ashdod stake to 65%.
- 02The proposed investment exceeded one billion shekels and was announced in April.
- 03Committee cited excessive market concentration; Bazan controls 40% of Israel's fuel and gas supply.
- 04Competition Commissioner Michal Cohen and Finance Ministry's Israel Malka opposed the deal.
- 05National Economic Council Chairman Avi Simhon supported it conditionally, requiring major investments.
- 06Refinery profits rose due to high crude prices and supply disruptions from Hormuz blockade and Ukraine conflict.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 2 outlets
The same event, reported separately by each newsroom. Open a few to compare what each emphasizes — and what they leave out.
Related stories
Yoav Gabry Appointed CEO of Ashdod Oil Refinery Amid Operational Challenges and Market OpportunitiesJul 20, 2026Israel Electricity Authority Opposes Generation's Acquisition of Shikun & Binui Energy Over Competition Concerns20 hours agoRefining Margins Boost Israeli Refinery Stocks Despite Operational Challenges3 days agoIsrael Competition Authority Opposes Dorad 2 Power Plant Expansion Over Market Dominance ConcernsJun 30, 2026Disputes and Regulatory Hurdles Threaten Dorad Power Plant Expansion Near AshkelonJul 5, 2026Clal Insurance Expands Shapir's Toll Road Exit with 190 Million Shekel Stake PurchaseJul 22, 2026