HAIFA, Israel, May 16, 2011 /PRNewswire/ -- Oil Refineries Ltd. (TASE: ORL.TA) (the "Company"), Israel's largest oil refiner, announced today that it will be releasing its financial results for the first quarter 2011 on Monday, May 23, 2011.

The Company will be hosting a conference call the same day, Monday, May 23, 2011, at 14:00 GMT (9:00 EST, 16:00 Israel time). On the call, management will review and discuss the first quarter 2011 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: 1-888-668-9141

UK Dial-in Number: 0-800-917-5108

Israel Dial-in Number: 03-918-0650

International Dial-in Number: +972-3-918-0650

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, www.orl.co.il, under investor relations.

Oil Refineries' first quarter 2011 earnings press release and financial statements will be available on the Company's website - http://www.orl.co.il on May 23, 2011.