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Oil Refineries reschedules third quarter 2012 earnings call for November 21, 2012

Tuesday, Nov 20, 2012

Oil Refineries Ltd. (TASE: ORL.TA) (the "Company"), Israel's largest integrated refining and petrochemical group, announced today that due to technical issues it will be rescheduling its earnings call for the third quarter 2012 from Tuesday, November 20, 2012 to Wednesday, November 21, 2012.

The conference call will take place at 13:30 UK (8:30 ET, 15:30 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.

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.

Source: Oil Refineries Ltd.

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