Category: General

In so far as reduction of GHG emissions – these are defined as measures that do not have a material effect on the lifestyle of consumers

Continuous low-rate losses from system elements.

Unintended gas leaks from the processing, transmission, and/or transportation of fossil fuels

Emissions aggregated on an ownership basis from both operated and non-operated assets

3.5 billion people live in countries rich in oil, gas and minerals. With good governance the exploitation of these resources can generate large revenues to foster growth and reduce poverty. However, when governance is weak, it may result in poverty, corruption, and conflict. The Extractive Industries Transparency Initiative (EITI) aims to strengthen governance by improving transparency and accountability in the extractives sector: oil, gas, mining (an effort to make natural resources benefit all)

Good International Industry Practice (GIIP) is described as the exercise of professional skill, diligence prudence and foresight that would be reasonably expected from skilled and experienced professionals engaged in the same type of undertaking in the same or similar circumstances globally. The circumstances that skilled and experienced professionals may find when evaluating the range of pollution prevention and control techniques available to a project, may include but are not limited to, varying levels of environmental degradation and environmental assimilative capacity as well as varying levels of financial and technical feasibility

Haifa Basic Oils is located at the Oil Refineries premises in Haifa. It produces 75,000 tons of oil products a year. Haifa Basic Oils was founded in 1965 as a joint venture between Oil Refineries, which owned 50%, and Israel’s three fuel companies at the time: Paz (24.5%), Delek Group (14%) and Sonol Israel (11.5%). In January 2010, Oil Refineries (ORL) acquired the 24.5% stake in Haifa Basic Oils from Paz Oil for NIS 59 million, reflecting a company value of NIS 240 million. Oil Refineries now owns 74.5% of the company. Haifa Basic Oils is a leading manufacturer of high quality base oils and paraffin waxes for lubricant producers and industries as candle, construction, fertilizer and the food industry