Delek Group Ltd. operates in the energy, infrastructures and water desalination, real estate, finance and insurance, automobiles, biochemicals, and telecommunications sectors worldwide. Subsidiaries The company’s subsidiaries include Delek Petroleum Ltd. (Delek Petroleum), which coordinates the fuel and lubricants sector and the operation of gas stations and convenience stores in Israel, the USA and Europe, as well as the operation of the oil refinery and marketing of fuels in the USA; Delek Real Estate Ltd. (Delek Real Estate), which coordinates real estate development in Israel and abroad; and Delek Investments and Properties Ltd. (Delek Investments), which coordinates the remaining operations of the investees, including automotive, oil and gas exploration and production, insurance in Israel and in the USA, infrastructure, biochemistry, and other operations. Segments The company’s segments include: Fuel Products in Israel; Gas Stations and Convenience Stores in the United States; Oil Refineries and Marketing in the U.S.; Gas Stations and Convenience Stores in Europe; Vehicles and Spare Parts; Real Estate; The Insurance Sector in Israel; The Insurance Sector Abroad; Oil and Gas Exploration; and Other. Fuel Products in Israel: This segment markets and sells fuel and consumer products in gas stations and worldwide. Gas Stations and Convenience Stores in the United States: This segment involves mainly the maintenance and operation of gas stations and convenience stores in the United States. Oil Refineries and Marketing in the U.S.: This segment consists of the operation of an oil refinery in the United States and pipelines for the transportation of crude oil, as well as the marketing of fuel to various customers. Gas Stations and Convenience Stores in Europe: This segment consists of the fuel marketing operation of Chevron in the Netherlands, Belgium and Luxemburg. Vehicles and Spare Parts: This segment imports and markets vehicles and spare parts for Mazda and Ford models. Real Estate: This segment includes investment and management of investment properties in Israel and abroad, and the construction of residential and commercial held for sale projects. The Insurance Sector in Israel: The primary operations in this segment are carried out through the Phoenix. The Insurance Sector Abroad: The primary operations in this segment are carried out through Republic. Oil and Gas Exploration: Majority of the operations are conducted through the Yam Tethys joint venture, that engages in the exploration and production of oil and gas on the continental shelf off the Israeli coastline. Other: This segment invests in infrastructures, mainly for seawater desalination and the construction of a power plant for the production of electricity, as well as operations in the biochemistry sector, comprising mainly the production and marketing of fructose, citric acid and nutritional supplement ingredients. Oil and Gas Exploration and Production Operations in Israel are carried out by Delek Drilling Limited Partnership (Delek Drilling) and Avner Oil and Gas Exploration Limited Partnership (Avner), which are partners in the Yam Tethys project (together with Delek Investments) in the Tamar and Dalit drillings and in other oil rights off the coast of Israel. Overseas operations are carried out by subsidiaries of Delek Energy Systems Ltd. (Delek Energy or DES), which concentrate mainly on the following areas of operations: Delek Energy (Vietnam) LLC (Delek Vietnam) focuses on oil and gas exploration in Vietnam. The company has 25% participation rights in the Vietnam project. The company owns100% of the capital of Elk Resources (Elk), which produces and sells oil and gas, develops existing oil and gas assets and engages in low-risk oil and gas exploration; 83.49% of the rights in AriesOne LP (AriesOne); 29.14% of the capital of Matra Petroleum Plc (Matra), which owns the Sokolovskoe oil discovery in Russia; and 25.12% of the capital of Viking Oil and Gas International Ltd. (VOGIL), which owns two oil tankers. Delek International also holds 1.45% of Nexus Energy (Nexus), which engages in oil and gas exploration and production in Australia. Acquisitions In January 2008, the company acquired a further 55% of the equity capital of a joint venture known as Schreurs Oilemaatschappij BV (Schreurs). In February 2008, the company acquired a further 50% of the equity capital of another joint venture, De Groot Verschuur Holding BV (DGV). In September 2008, the company acquired a further 45% of the equity capital of another joint venture, Olie Maatschappij BV (Salland). History Delek Group Ltd. was founded in 1951.
delek group ltd
(DLEKG:Tel Aviv Stock Exchange)
7 Giborei Israel Street
PO Box 8464
Phone: 972 9 863 8444
Fax: 972 9 885 4955www.delek-group.com
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