Oil Refineries Schedules First Quarter 2010 Earnings Release for May 24, 2010

TEL AVIV, Israel, May 20, 2010 /PRNewswire-FirstCall/ -- Oil Refineries Ltd. (TASE: ORL.TA) (the "Company"), Israel's largest oil refiner, announced today that it will be releasing its financial results for the first quarter 2010 on Monday, May 24th, 2010.

The Company will be hosting a conference call on Monday, May 24th, 2010, at 14:30 UK time (9:30 ET, 16:30 Israel time). On the call, management will review and discuss the first quarter 2010 financial results and will be available to answer questions.

To participate, please call one of the following teleconferencing numbers. Please begin placing your calls at least 10 minutes before the conference call commences. If you are unable to connect using the toll-free numbers, please try the international dial-in number.

    US Dial-in Numbers:             1-866-860-9642
    UK Dial-in Number:              0-800-051-8913
    Israel Dial-in Number:             03-918-0692
    International Dial-in Number:  +972-3-918-0692

at: 14:30 UK Time, 9:30 ET, 6:30 PT, 16:30 Israel time. A replay of the call will be available after the call on the Company's website at http://www.orl.co.il.

The conference call will be accompanied by a presentation available for download from the Company's website, www.orl.co.il, under investor relations on May 24th, 2010.

Oil Refineries' first quarter 2010 earnings press release and financial statements will be available on the Company's website - http://www.orl.co.il on May 24th, 2010.

About Oil Refineries Ltd.

Oil Refineries Ltd. (ORL), located in the bay area of the city of Haifa, operates Israel's largest oil refinery. ORL runs sophisticated and state-of-the-art industrial facilities with a refining capacity of 9.8 million tons of crude oil per year and a Nelson Complexity Index of 7.4, providing a variety of quality products used in industrial operation, transportation, private consumption, agriculture and infrastructure. The Company is also active in the area of Polymers and Aromatics through its holdings in Carmel Olefins Ltd and Gadiv Petrochemical Industries Ltd. The Company's shares are listed on the Tel Aviv Stock Exchange under the ticker ORL. For additional information please visit http://www.orl.co.il.

    Company Contact:                   Investor Relations Contact:
    Rony Solonicof                     Ehud Helft / Porat Saar
    Chief Economist and Head of IR     CCG Israel
    Tel. +972-4-878-8152               Tel. (US) +1-646-233-2161 /
    Contact [email protected]             (Int.) +972-52-776-3687
                                       [email protected]

SOURCE Oil Refineries Ltd

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