Oil Refineries Schedules Third Quarter 2012 Earnings Call for November 20, 2012

  Oil Refineries Schedules Third Quarter 2012 Earnings Call for November 20,
                                     2012

  PR Newswire

  HAIFA, Israel, November 15, 2012

HAIFA, Israel, November 15, 2012 /PRNewswire/ --

  Conference Call Scheduled for November 20, 2012 at 14:00 UK Time, 9:00 ET

Oil Refineries Ltd. (TASE: ORL.TA) (the "Company"), Israel's largest
integrated refining and petrochemical group, announced today that it will be
hosting its earnings call for the third quarter 2012 on Tuesday, November 20,
2012.

The conference call will take place at 14:00 UK (9:00 ET, 16:00 Israel time).
On the call, management will review and discuss the third quarter 2012
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:     03-918-0685

International Dial-in Number:  +972-3-918-0685

at: 14:00 UK Time, 9:00 ET, 6:00 PT, 16:00 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.

Oil Refineries' earnings press release and financial statements will be
available on the Company's website - http://www.orl.co.il for the call.

About Oil Refineries Ltd.

Oil Refineries Ltd. (ORL), located in the bay area of the city of Haifa,
operates Israel's largest integrated refining and petrochemical group. It is
one of the leading refineries in the Eastern Mediterranean area and
integrates, on-site, petrochemical businesses. 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. Besides production of
fuels, the company produces in its wholly owned subsidiaries Polymers (through
Carmel Olefins Ltd), Aromatics (through Gadiv Petrochemical Industries Ltd),
and Lube-Oils (through Haifa Basic Oils 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 .

ORL is controlled by the Israel Corporation Ltd. and Israel Petrochemical
Enterprises Ltd., both public companies whose shares are traded on the Tel
Aviv Stock Exchange.

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
 
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