Haier Group Corp rumoured to partner with Israeli oil refining and petrochemicals company

01-Jul-19

Qingdao, China-based consumer electronics company Haier Group Corporation is rumoured to be venturing into the Israeli petrochemical sector by partnering with Israeli oil refining and petrochemicals company Bazan Group. The two have signed several collaboration agreements over the past few days, as per anonymous sources of Calcalist.
As per calcalistech.com, Bazan operates the largest of Israel’s two oil refineries and controls 60% of the local market for petrol and diesel fuel.