Conference Call Scheduled for March 22, 2010 at 13:00 GMT, 9:00 EST

HAIFA, Israel, March 19, 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 fourth quarter and full year 2009 on Sunday, March 21, 2010.

The Company will be hosting a conference call the next day, Monday, March 22, 2010, at 13:00 GMT (9:00 EST, 15:00 Israel time). On the call, management will review and discuss the fourth quarter and annual 2009 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:               1-888-668-9141
    UK Dial-in Number:                0-800-917-5108
    Israel Dial-in Number:            03-918-0644
    International Dial-in Number:     +972-3-918-0644

At: 13:00 GMT, 9:00 EST, 6:00 PST, 15:00 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, http://www.orl.co.il, under investor relations on March 22, 2010.

Oil Refineries' fourth quarter and annual 2009 earnings press release and financial statements will be available on the Company's website - http://www.orl.co.il on March 21, 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:
    Rony Solonicof
    Chief Economist and Head of Investor Relations
    Tel: +972-4-878-8152
    Contact IREn@orl.co.il

    Investor Relations Contact:
    Ehud Helft / Porat Saar
    CCG Israel
    Tel: (US)   +1-646-233-2161
         (Int.) +972-52-776-3687
    info@ccgisrael.com

SOURCE Oil Refineries Ltd

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