HAIFA, Israel, February 7 /PRNewswire/ -- Oil Refineries Ltd. (TASE: ORL) (the "Company"), Israel's largest oil refiner, has announced the results of the Special General Meeting held February 6, 2008, at 10:00 a.m. at the Company's offices at 7 Abba Hillel Street, Ramat Gan.
The following resolution on the agenda was approved:
To increase the compensation of the members of the Company's Board of Directors, excluding the Chairman of the Board, and external directors.
For the detailed resolution please view the highlights in the Company's press release on January 2, 2008 as well as the full Special General Meeting Notice filed in Hebrew with the Tel Aviv Stock Exchange and the Israel Securities Authority on January 1, 2008.
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 operates sophisticated and state-of-the-art industrial facilities with refining capacity of 9 million tons of crude oil per year, with 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 Aromatics and Polymers through wholly-owned Gadiv Petrochemical Industries Ltd. and 50% owned Carmel Olefins Ltd. ORL is traded on the Tel Aviv Stock Exchange under the ticker ORL. For additional information please visit the Company's website: http://www.orl.co.il.
Company Contact: Rami Sasson EVP Business Development & Capital Markets Oil Refineries Ltd. Tel. +972-4-878-8117 ContactIREn@orl.co.il Investor Relations Contact: Ehud Helft \ Fiona Darmon GK Investor Relations Tel. +1-646-797-2868 \ +972-54-566-3221 firstname.lastname@example.org
Contacts - Company Contact: Rami Sasson, EVP Business Development & Capital Markets, Oil Refineries Ltd., Tel. +972-4-878-8117, ContactIREn@orl.co.il; Investor Relations Contact: Ehud Helft \ Fiona Darmon, GK Investor Relations, Tel. +1-646-797-2868 \ +972-54-566-3221, email@example.com