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Petrochemical industries

Illustrative: Plush toys are displayed at a Camp store in New York. Camp, November 21, 2019. (AP Photo/Mark Lennihan)
April 25, 2026, 3:19 am
From soft toys to bandages, Iran war may drive up cost of petroleum-derived goods
While rising cost of travel is most visible effect of war, experts say supply chains will be pressured if oil holds above $90 per barrel, impacting thousands of consumer items
By Anne D'Innocenzio
Smoke rises from the Bazan oil refinery in Haifa, following missile attacks from Iran and Lebanon, March 30, 2026. (Anthony Hershko/Flash90)
April 17, 2026, 4:36 pm
In turnaround, Energy Ministry calls to relocate, not close, Haifa’s Iran-targeted Bazan oil refinery
Ministry says 30 months of war underline need for continuing local production of petroleum products rather than dependence on imports, world supply chains
By Sue Surkes
A fire at the Kaveh Petrochemical Complex in Bushehr province, Iran, June 11, 2025. (X; used in accordance with Clause 27a of the Copyright Law)
June 11, 2025, 1:40 pm
At least 3 killed, 10 hurt in blast at Iranian petrochemical facility
Authorities say toll likely to rise, as thick black smoke and flames seen engulfing Bushehr site; incident comes 2 months after explosion killed at least 70 at different Iran port
By AFP and ToI Staff
Haifa Bay's industrial area, May 5, 2017. (Yaniv Nadav/Flash90)
March 6, 2022, 5:37 pm
Cabinet unanimously votes to shut down Haifa Bay’s oil refineries
Ministers decide to end petrochemical activities within decade, promote national projects area; environmental groups slam government for lack of timetable and budget
By ToI Staff
View of the Haifa Bay in northern Israel, on April 24, 2018. (Yossi Zamir/Flash90)
August 26, 2021, 8:10 pm
Environment Ministry frees tanker on $100,000 bail during probe of benzene leak
Criminal investigation seeks to identify cause of small suspected leak into sea and air, as Gadiv petrochemical company loaded benzene onto tanker for export
By Sue Surkes
Activists take part at a protest calling for the closure the oil refineries in the Haifa Bay in northern Israel, June 24, 2019. (Meir Vaknin/Flash90)
June 8, 2021, 10:22 pm
Panel reaffirms call to shut down Haifa Bay’s oil refineries within a decade
But in a sign of possible hurdles ahead, finance and energy ministries express reservations about the committee’s recommendations
By Sue Surkes
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