Delek Group is an Israeli conglomerate and one of Israel's largest companies, Delek Group is involved in the

energy In physics, energy (from Ancient Greek: ἐνέργεια, ''enérgeia'', “activity”) is the quantitative property that is transferred to a body or to a physical system, recognizable in the performance of work and in the form of hea ...

and infrastructure, with investments in upstream and downstream energy, water desalination and power plants. Delek Group' subsidiaries are also involved in

insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...

and financial

services Service may refer to: Activities * Administrative service, a required part of the workload of university faculty * Civil service, the body of employees of a government * Community service, volunteer service for the benefit of a community or a p ...

. Delek Group is listed on the

Tel Aviv Tel Aviv-Yafo ( he, תֵּל־אָבִיב-יָפוֹ, translit=Tēl-ʾĀvīv-Yāfō ; ar, تَلّ أَبِيب – يَافَا, translit=Tall ʾAbīb-Yāfā, links=no), often referred to as just Tel Aviv, is the most populous city in the ...

stock exchange under the ticker symbol, DLEKG, and is a member of the TA-35 Index of leading Israeli companies, as of July 2012 two of the group's subsidiaries are also listed on the TA-35 Index, Avner Oil Exploration LP and Delek Drilling LP. The Delek Group agreed to sell a 52% controlling stake of Phoenix Holding company (insurance and financial undertaking) to the Chinese civilian-run conglomerate

Fosun International Fosun International Limited is a Chinese multinational conglomerate holding company. Founded in 1992 by Guo Guangchang and four others, the company is headquartered in Shanghai and was incorporated in Hong Kong in 2004. Its Co-CEOs are Chen Q ...

History

Delek, The Israel Fuel Corporation Ltd, was founded in 1951 In August 2007, Delek Benelux took over marketing activities for Chevron Global Energy Inc. in Benelux, including 869 fueling stations, mostly under the Texaco brand. The same month, Delek Israel's Delek Pi-Glilot, a fuel storage and distribution company operating in Ashdod,

Jerusalem Jerusalem (; he, יְרוּשָׁלַיִם ; ar, القُدس ) (combining the Biblical and common usage Arabic names); grc, Ἱερουσαλήμ/Ἰεροσόλυμα, Hierousalḗm/Hierosóluma; hy, Երուսաղեմ, Erusałēm. i ...

and

Beersheba Beersheba or Beer Sheva, officially Be'er-Sheva ( he, בְּאֵר שֶׁבַע, ''Bəʾēr Ševaʿ'', ; ar, بئر السبع, Biʾr as-Sabʿ, Well of the Oath or Well of the Seven), is the largest city in the Negev desert of southern Israel. ...

, won a Government Companies Authorities tender to run the fuel storage facilities in Ashdod. A few months later in November, they announced the hiring of former police commissioner Moshe Karadi to run Delek Pi-Glilot, who had recently resigned following findings by the Zeiler Commission "that police had grossly mishandled the murder investigation in the Perinian affair." Gabi Last, former commissioner and commander of the Tel Aviv Central District, has been chairing Delek Group for several years. On 1 January 2020, Idan Wallance became Delek's new CEO.

Holdings

Energy and Infrastructure

Upstream

* Delek Energy 7.6%* Delek Drilling LP () 8.8%* Avner Oil & Gas Exploration LP () 5.9%Assets including holdings in: Yam Tethys Partnership,

Tamar gas field The Tamar gas field is a natural gas field in the Mediterranean Sea off the coast of Israel. The field is located in Israel's exclusive economic zone, roughly west of Haifa in waters deep. The Tamar field is considered to have proven reserves o ...

, Leviathan gas field,

Tanin gas field The Tanin gas field ( he, מאגר תנין, " Crocodile reservoir" or “ Taninn reservoir”) is a natural gas reservoir located 120 km off the coast of Israel. It is the country's seventh natural gas discovery, located nearby the much larg ...

, Aphrodite gas field

Downstream Downstream may refer to: * Downstream (bioprocess) * Downstream (manufacturing) * Downstream (networking) * Downstream (software development) * Downstream (petroleum industry) * Upstream and downstream (DNA), determining relative positions on DNA ...

Road Chef north junction 15a M1 - geograph

* Delek Petroleum Ltd. 00% ** Delek Europe BV 00%- 1,230 gas stations and 935 convenience stores **

Roadchef Roadchef is a company which operates 21 motorway service areas in the United Kingdom. It is the third-largest motorway service area operator in the country, behind Moto and Welcome Break and followed by Extra. History Roadchef was founded in J ...

00%** Delek Israel Fuel Corporation Ltd () 6.9%Israel’s second largest retail gas and lubricants supplier

Infrastructure

* Independent Power Plants (IPP) *360 desalinisation plants constructed in Israel,

Cyprus Cyprus ; tr, Kıbrıs (), officially the Republic of Cyprus,, , lit: Republic of Cyprus is an island country located south of the Anatolian Peninsula in the eastern Mediterranean Sea. Its continental position is disputed; while it is ge ...

, China, Spain, United States, India and

Kazakhstan Kazakhstan, officially the Republic of Kazakhstan, is a transcontinental country located mainly in Central Asia and partly in Eastern Europe. It borders Russia to the north and west, China to the east, Kyrgyzstan to the southeast, Uzbeki ...

*largest desalinisation plant in the world built in Israel

Insurance and Finance

* Phoenix Holdings Ltd. 6% ** The Phoenix Insurance Company Ltd. () *** Excellence Investments Ltd. () 5%

Automotive

* Delek Automotive Systems Ltd. () 2%- largest car dealer in Israel, importer of

Mazda , commonly referred to as simply Mazda, is a Japanese multinational automotive manufacturer headquartered in Fuchū, Hiroshima, Japan. In 2015, Mazda produced 1.5 million vehicles for global sales, the majority of which (nearly one m ...

and

Ford Ford commonly refers to: * Ford Motor Company, an automobile manufacturer founded by Henry Ford * Ford (crossing), a shallow crossing on a river Ford may also refer to: Ford Motor Company * Henry Ford, founder of the Ford Motor Company * Ford F ...

vehicles The Bob Bey Property Report

Chemicals

* Gadot Biochemical Ltd.

Former Holdings

* Delek Real Estate Ltd. - a company that owned a total land area of 1.8 million m², through its subsidiaries, Delek Berlon International Ltd., Delek Global Real Estate Ltd., and adding Dankner Investments Ltd. as Dankner Real Estate's construction arm in 2004. * HOT Cable Communications Systems Ltd. * Starbucks Israel * The Republic Group, an insurer, was sold to

AmTrust Financial Services AmTrust Financial Services, Inc., is a New York City-based multinational property and casualty insurance company, offering workers’ compensation, general liability, business owners policies (BOP), cyber liability, employment practices liabilit ...

for $140 million on April 19, 2016.

Criticism

Involvement in Israeli settlements

On 12 February 2020, the

United Nations The United Nations (UN) is an intergovernmental organization whose stated purposes are to maintain international peace and security, develop friendly relations among nations, achieve international cooperation, and be a centre for harmoniz ...

published a

database In computing, a database is an organized collection of data stored and accessed electronically. Small databases can be stored on a file system, while large databases are hosted on computer clusters or cloud storage. The design of databases s ...

of 112 companies helping to further Israeli settlement activity in the

West Bank The West Bank ( ar, الضفة الغربية, translit=aḍ-Ḍiffah al-Ġarbiyyah; he, הגדה המערבית, translit=HaGadah HaMaʽaravit, also referred to by some Israelis as ) is a landlocked territory near the coast of the Mediter ...

, including East Jerusalem, as well as in the occupied

Golan Heights The Golan Heights ( ar, هَضْبَةُ الْجَوْلَانِ, Haḍbatu l-Jawlān or ; he, רמת הגולן, ), or simply the Golan, is a region in the Levant spanning about . The region defined as the Golan Heights differs between di ...

. These settlements are considered illegal under international law. Delek was listed on the database on account of its "provision of services and utilities supporting the maintenance and existence of settlements" and "the use of natural resources, in particular water and land, for business purposes" in these occupied territories. On 5 July 2021,

Norway Norway, officially the Kingdom of Norway, is a Nordic country in Northern Europe, the mainland territory of which comprises the western and northernmost portion of the Scandinavian Peninsula. The remote Arctic island of Jan Mayen and the ...

's largest pension fund KLP said it would divest from Delek together with 15 other business entities implicated in the UN report for their links to Israeli settlements in the occupied West Bank.

References

External links

Delek website
{{TA 25 companies Companies listed on the Tel Aviv Stock Exchange Conglomerate companies of Israel Financial services companies of Israel Israeli brands 1951 establishments in Israel Netanya Oil and gas companies of Israel Filling stations in Israel Real estate companies of Israel Transport companies of Israel Companies based in Netanya