Israel’s Oil Refineries resumes operations after shutdown due to Iran missile strike

Israel’s Oil Refineries said on Sunday it had partly resumed activities at its Haifa facility, which was shut down following an Iranian missile strike two weeks ago.

Israel’s Oil Refineries, or Bazan, said in a regulatory filing in Tel Aviv that it was gradually restoring operations and would likely be fully operational by October. It noted that it holds insurance covering damage and profit losses of up to $250 million caused by acts of terrorism and war.

The company said on June 15 that its pipelines and transmission lines in Haifa had been damaged by Iranian missile strikes, which killed three employees, and that it was examining the impact of the damage on its operations and implications on its financial results.

Energy Minister Eli Cohen said separately on Sunday that Israel’s energy system “functioned flawlessly throughout the war, and the swift resolution of the issue at Bazan is further proof of the strength and resilience of Israel’s energy sector.”