Bazan oil refinery says all activities to resume in Haifa in coming days after missile attack damage

The Bazan oil refinery in the northern city of Haifa advises the Tel Aviv Stock Exchange that following Thursday’s Iranian missile attack, an external infrastructure company that was hit by interception fragments restarted operations on Sunday, while all other activities disrupted by the strike are expected to resume in the coming days.

Initial estimates of the direct physical cost of the attack are negligible, Bazan goes on, while lost profits are expected to be “insignificant.”

That said, the company cautions that fully identifying all possible damages involve “complex procedures” including “many elements of uncertainty” requiring extreme caution and operational flexibility.

It adds that some malfunctions and damage may only become apparent during operations, and that returning to full capacity will depend on the availability of parts, equipment and manpower.

During last June’s war against Iran, Bazan was hit twice. Three workers were killed in a missile-related fire.