HAIFA, Israel, November 15, 2010 /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 third quarter 2010 on Sunday, November 21st, 2010.

The Company will be hosting a conference call on Monday, November 22nd, 2010, at 15:00 UK time (10:00 ET, 17:00 Israel time). On the call, management will review and discuss the third quarter 2010 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: 1-888-281-1167

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

Israel Dial-in Number: 03-918-0664

International Dial-in Number: +972-3-918-0664

at: 15:00 UK Time, 10:00 ET, 7:00 PT, 17:00 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 on November 22nd, 2010.

Oil Refineries' third quarter 2010 earnings press release and financial statements will be available on the Company's website - http://www.orl.co.il on November 21st, 2010.

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. The Company's petrochemical sector produces Polymers (through its ownership of Carmel Olefins Ltd), Aromatics (through its ownership of Gadiv Petrochemical Industries Ltd), and Lube-Oils (through its ownership of 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.

Company Contact: Rony Solonicof Chief Economist and Head of IR 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

SOURCE: Oil Refineries Ltd

CONTACT: Company Contact: Rony Solonicof, Chief Economist and Head of IR,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