Ashdod Refinery

The Ashdod oil refinery's board of directors has extended its consulting agreement with Shapir for three years, until August 2029, despite the Concentration Committee's recommendation against Shapir gaining control over the refinery.

The Committee for the Reduction of Concentration has voted against the Shapir Group's acquisition of the Ashdod Oil Refinery (Bazash), citing concerns over excessive economic concentration.