HAIFA, Israel, December 28 /PRNewswire/ --
Oil Refineries Ltd. (TASE: ORL.TA) (the ORL), Israel's largest oil refiner, announced that on December 24, 2008 Carmel Olefins Ltd. (a 50% held private subsidiary) published a prospectus to register its debentures for trading on the Tel Aviv Stock Exchange. The final prospectus is available in Hebrew on ORL's website under the Hebrew Investor Relations section, as of Sunday, December 28, 2008. Following please find a convenience translation from Hebrew of the first cover page of the prospectus. For full and binding information please refer to the Hebrew prospectus.
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Carmel Olefins Ltd. (the Company or the Issuer)