Delek established by the Israeli government to operate a chain of locally-owned gas stations.
Delek registers its shares for trading on the Tel Aviv Stock Exchange. Eventually it evolves to become one of Israel’s largest companies.
Delek becomes Israel’s second largest fuel company. Over time, it begins producing industrial oils and aircraft fuels and to operate fuel storage facilities.
“Moses dragged us for 40 years through the desert to bring us to the one place in the Middle East where there was no oil.” Golda Meir, 4th elected and 1st female Prime Minister of Israel.
Delek is granted licenses to explore oil onshore at Gezer, Gaza, Ramle & Gadera. Over the next 2 decades, together with partners, it drills 10s of wells, most of them dry.
Delek Motors receives franchises to import and distribute Mazda vehicles in Israel. Later, Ford and BMW franchises were also secured.
Mr. Isaac Tshuva acquires control of Delek. Mr. Tshuva initiates an international expansion program and a major ramp-up of Delek’s natural gas exploration activities.
Delek and its partners make Israel’s 1st natural gas discovery, Noa, followed by Mari-B in 2000, known together as Yam Tethys. The reservoirs contain a total of 1 .1 TCF of gas.
The company undertakes a broad reorganization and restructuring process, establishing Delek Group as a parent company. Delek Group shares are listed on the TASE.
Delek acquires 50% of IDE Technologies, one of the world’s most advanced providers of water treatment solutions.