Oil Refineries Report on Share Purchase

Jun 14, 2010, 12:05 ET from Oil Refineries Ltd

HAIFA, Israel, June 14, 2010 /PRNewswire-FirstCall/ -- Oil Refineries Ltd. (TASE: ORL.TA) ("Oil Refineries" or the "Company") announced that its Chairman of the Board, Mr. Yossi Rosen, has pruchased 106,273 shares at NIS 1.701 per share. The transaction was conducted by Rose-Millenium Ltd., an investement house controlled by Mr. Rosen, on the dates June 9 and 10, 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 IR
    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

SOURCE Oil Refineries Ltd