A publicly traded Israeli supplier of gas and oil products. The company also operates a refinery and is the biggest Israeli gas and energy supplier.

The company enjoys access to the Palestinian market as a captive market. The Palestinian Authority is Paz’s largest customer, accounting for about 10% of its total revenues. In 2016, it supplied about 50% of the oil product and about 85% of the LPG (liquid petroleum gas) to the West Bank and to the Gaza Strip.

As collateral, the company holds the right to collect its payment from Palestinian tax revenues held by the Israeli government. Israel has repeatedly used its power to withhold Palestinian tax revenues as a punitive measure against the PA, in violation of both the Oslo Accords and international law.

The company has 17 filling stations in the occupied Palestinian territory and Syrian Golan, including in the Alfei Menashe, Ofra, Beit El, Karnei Shomron, Mishor Adumim I.Z., Maale Adumim and Kiryat Arba settlements in the occupied West Bank, in Katzrin in the occupied Golan Heights and in several settlement neighborhoods in occupied East Jerusalem.

Paz Aviation Services, a fully owned subsidiary of the company, won a Ministry of Defense tender in November 2016 for outsourcing refueling services in seven air force bases for five years.

Between 2007 and 2013, Paz was the main supplier of refueling services to the Israeli Army. In 2013, it was replaced by Delek Israel.