Paz Oil Company Ltd., together with its subsidiaries, refines, produces, stores, imports, markets, and sells petroleum and other products in Israel and internationally. it offers oil and fuel products through fueling stations, and food and convenience products through Yellow market stores; leases stores; and engineering, maintenance, and logistic services. The company is also involved in the direct marketing of fuel products to institutional customers, industries, and other enterprises, as well as to car fleets and the Palestinian Authority. In addition, it markets, distributes, and sells LPG for cooking, heating, and refueling vehicles; produces, markets, and exports sealing and insulation solutions to construction industry; manufactures and markets products for transportation infrastructure; markets bitumen, various sealing and coating liquids, and other products; distributes aviation fuel; and provides refueling services. Further, the company produces, imports, markets, and exports oils for transportation and industry, as well as various solvents and raw materials for the perfume and detergent industry, process products for the agro industry, and markets raw materials for the paint, printing, and construction industries; operates as an automatic lubrication oil dispenser; produces and markets auxiliary products for cars, fuel additives, lubricants, urea, and cleaning agents for industry; and produces and markets combustible liquid for industry and heating, renewed oil, and recycled solvents. Additionally, it generates and sells photovoltaic electricity; imports crude oil; offers procurement services; and invests in creating an advanced computing environment. The company was formerly known as The Shell Company of Palestine and changed its name to Paz Oil Company Ltd. in 1960. Paz Oil Company Ltd. was founded in 1922 and is based in Yakum, Israel.