Delek Group () is an Israeli holding conglomerate mainly operating in the

petroleum industry The petroleum industry, also known as the oil industry, includes the global processes of hydrocarbon exploration, exploration, extraction of petroleum, extraction, oil refinery, refining, Petroleum transport, transportation (often by oil tankers ...

. Delek Group's largest subsidiary is Delek – The Israel Fuel Corporation, one of the largest chains of

filling stations A filling station (also known as a gas station [] or petrol station []) is a facility that sells fuel and engine lubricants for motor vehicles. The most common fuels sold are gasoline (or petrol) and diesel fuel. Fuel dispensers are used to ...

in Israel. Delek Group also owns E&P operations across the

Levant The Levant ( ) is the subregion that borders the Eastern Mediterranean, Eastern Mediterranean sea to the west, and forms the core of West Asia and the political term, Middle East, ''Middle East''. In its narrowest sense, which is in use toda ...

, in the

North Sea The North Sea lies between Great Britain, Denmark, Norway, Germany, the Netherlands, Belgium, and France. A sea on the European continental shelf, it connects to the Atlantic Ocean through the English Channel in the south and the Norwegian Se ...

and in the

Gulf of Mexico The Gulf of Mexico () is an oceanic basin and a marginal sea of the Atlantic Ocean, mostly surrounded by the North American continent. It is bounded on the northeast, north, and northwest by the Gulf Coast of the United States; on the southw ...

. Beyond the oil industry, it also owns

coffeehouse A coffeehouse, coffee shop, or café (), is an establishment that serves various types of coffee, espresso, latte, americano and cappuccino, among other hot beverages. Many coffeehouses in West Asia offer ''shisha'' (actually called ''nargi ...

chain Café Joe as well as 70% of the Israeli franchisee of

Burger King Burger King Corporation (BK, stylized in all caps) is an American multinational chain store, chain of hamburger fast food restaurants. Headquartered in Miami-Dade County, Florida, the company was founded in 1953 as Insta-Burger King, a Jacks ...

. Delek Group is listed on the

Tel Aviv Stock Exchange The Tel Aviv Stock Exchange (TASE; ), colloquially known as The Bursa, is the only public stock exchange in Israel and a public company itself, listed on its own exchange since August 1, 2019. It is regulated by the ''Securities Law (1968)'' a ...

under the ticker symbol, DLEKG, and is a member of the

TA-35 Index TA-35 Index is an Israeli stock market index computed by the Tel Aviv Stock Exchange tracking the performance of 35 large companies listed on stock exchanges in Israel. It is one of the most commonly followed equity indices in Israel, considered ...

of leading Israeli companies. Delek Group previously held major shares in automobile

import An importer is the receiving country in an export from the sending country. Importation and exportation are the defining financial transactions of international trade. Import is part of the International Trade which involves buying and receivin ...

company Delek Motors,

nutraceuticals Nutraceutical is a terminology evolved scientifically & also through marketing which is used to imply a drug, pharmaceutical effect from plant extracts, compounds, food products which have efficacy and therapeutic influence on clinical outcomes and ...

company Gadot Biochemistry,

desalination Desalination is a process that removes mineral components from saline water. More generally, desalination is the removal of salts and minerals from a substance. One example is Soil salinity control, soil desalination. This is important for agric ...

company IDE Technologies and holding company Phoenix Holdings, all of which were later sold.

History

Delek Group was first founded as Delek – The Israel Fuel Corporation Ltd in 1951. In 2006 it introduced its United States subsidiary, Delek US, which owned the Tyler, Texas oil refinery and 349 retail stores, in the

New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...

. A decade later, Delek US merged with the U.S. subsidiary of another Israeli company, Alon Israel Oil Co. In August 2007, Delek Benelux took over marketing activities for Chevron Global Energy Inc. in Benelux, including 869 fueling stations, mostly under the

Texaco Texaco, Inc. ("The Texas Company") is an American Petroleum, oil brand owned and operated by Chevron Corporation. Its flagship product is its Gasoline, fuel "Texaco with Techron". It also owned the Havoline motor oil brand. Texaco was an Independ ...

brand. The same month, Delek Israel's Delek Pi-Glilot, a fuel storage and distribution company operating in

Ashdod Ashdod (, ; , , or ; Philistine language, Philistine: , romanized: *''ʾašdūd'') is the List of Israeli cities, sixth-largest city in Israel. Located in the country's Southern District (Israel), Southern District, it lies on the Mediterranean ...

Jerusalem Jerusalem is a city in the Southern Levant, on a plateau in the Judaean Mountains between the Mediterranean Sea, Mediterranean and the Dead Sea. It is one of the List of oldest continuously inhabited cities, oldest cities in the world, and ...

and

Beersheba Beersheba ( / ; ), officially Be'er-Sheva, is the largest city in the Negev desert of southern Israel. Often referred to as the "Capital of the Negev", it is the centre of the fourth-most populous metropolitan area in Israel, the eighth-most p ...

, 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. had recently resigned. Gabi Last, former commissioner and commander of the Tel Aviv Central District, has been chairing Delek Group for several years. On January 1, 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 include holdings in Yam Tethys Partnership, Tamar gas field, Leviathan gas field, Tanin gas field, and Aphrodite gas field.

Downstream

Road_Chef_north_junction_15a_M1_-_geograph

* Delek Petroleum Ltd. 00%** Delek Europe BV 00%- 1,230 gas stations and 935 convenience stores ** Delek Israel Fuel Corporation Ltd () 6.9%Israel’s second largest retail gas and lubricants supplier

Food and restaurants

* Café Joe 00%*

(Israeli franchisee) 0%

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 for $140 million on April 19, 2016.

Infrastructure

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

Cyprus Cyprus (), officially the Republic of Cyprus, is an island country in the eastern Mediterranean Sea. Situated in West Asia, its cultural identity and geopolitical orientation are overwhelmingly Southeast European. Cyprus is the List of isl ...

, China, Spain, United States, India and

Kazakhstan Kazakhstan, officially the Republic of Kazakhstan, is a landlocked country primarily in Central Asia, with a European Kazakhstan, small portion in Eastern Europe. It borders Russia to the Kazakhstan–Russia border, north and west, China to th ...

* 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%** The Republic Group hare unknown

Automotive

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

Mazda is a Japanese Multinational corporation, multinational automotive manufacturer headquartered in Fuchū, Hiroshima (town), Fuchū, Hiroshima Prefecture, Hiroshima, Japan. The company was founded on January 30, 1920, as Toyo Cork Kogyo Co., Ltd. ...

and Ford vehiclesThe Bob Bey Property Report

Nutrition

* Gadot Biochemical Ltd.

Criticism

Involvement in Israeli settlements

On 12 February 2020, the

United Nations The United Nations (UN) is the Earth, global intergovernmental organization established by the signing of the Charter of the United Nations, UN Charter on 26 June 1945 with the stated purpose of maintaining international peace and internationa ...

published a

database In computing, a database is an organized collection of data or a type of data store based on the use of a database management system (DBMS), the software that interacts with end users, applications, and the database itself to capture and a ...

of 112 companies helping to further

Israeli settlement Israeli settlements, also called Israeli colonies, are the civilian communities built by Israel throughout the Israeli-occupied territories. They are populated by Israeli citizens, almost exclusively of Israeli Jews, Jewish identity or ethni ...

activity in the

West Bank The West Bank is located on the western bank of the Jordan River and is the larger of the two Palestinian territories (the other being the Gaza Strip) that make up the State of Palestine. A landlocked territory near the coast of the Mediter ...

, including

East Jerusalem East Jerusalem (, ; , ) is the portion of Jerusalem that was Jordanian annexation of the West Bank, held by Jordan after the 1948 Arab–Israeli War, as opposed to West Jerusalem, which was held by Israel. Captured and occupied in 1967, th ...

, as well as in the occupied

Golan Heights The Golan Heights, or simply the Golan, is a basaltic plateau at the southwest corner of Syria. It is bordered by the Yarmouk River in the south, the Sea of Galilee and Hula Valley in the west, the Anti-Lebanon mountains with Mount Hermon in t ...

. 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 countries, Nordic country located on the Scandinavian Peninsula in Northern Europe. The remote Arctic island of Jan Mayen and the archipelago of Svalbard also form part of the Kingdom of ...

'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 Companies in the TA-35 Index 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