Latest Oil Refineries Ltd. Stories
HAIFA, Israel, May 20, 2013 /PRNewswire/ -- Oil Refineries Ltd. (TASE: ORL.TA) (hereinafter "the Group," "ORL"), Israel's largest integrated refining and petrochemical group, announced today its financial results for the first quarter ending March 31, 2013. Results are reported in US Dollars and under International Financial Reporting Standards (IFRS). First Quarter Highlights: Adjusted Net Income totaled $4 million compared with a net loss of $34 million in the first quarter...
HAIFA, Israel, May 20, 2013 /PRNewswire/ -- Oil Refineries Ltd. (TASE: ORL.TA) (hereinafter "the Company,""ORL"), Israel's largest integrated refining and petrochemical group, announced on May 16, 2013 that it has presented an outline to ensure the stability of its subsidiary, Carmel Olefins (CAOL). The published outline, which will be put to the vote at a meeting of ORL and CAOL debenture holders, is intended to ensure both stability and control during the subsidiary's...
HAIFA, Israel, May 17, 2013 /PRNewswire/ -- Conference Call Scheduled for May 20, 2013 at 14:00 UK Time, 9:00 ET Oil Refineries Ltd. (TASE: ORL.TA) (the "Company"), Israel's largest integrated refining and petrochemical group, announced today that it will be hosting its earnings call for the first quarter 2013 on Monday, May 20, 2013. The conference call will take place at 14:00 UK (9:00 ET, 16:00 Israel time). On the call, management will review and...
HAIFA, Israel, February 27, 2013 /PRNewswire/ -- Oil Refineries Ltd. (TASE: ORL.TA) (hereinafter "the Company,""ORL"), Israel's largest integrated refining and petrochemical group, announced that on February 26, 2013 the Company's Chief Executive Officer, Pinhas Buchris, requested of the Chairman of the Board, Akiva Mozes, to begin a search for a new CEO. During his tenure as CEO, Mr. Buchris initiated a far reaching organizational restructuring and efficiency strategy,...
HAIFA, Israel, February 20, 2013 /PRNewswire/ -- Oil Refineries Ltd. (TASE: ORL.TA) (hereinafter "the Company,""ORL"), Israel's largest integrated refining and petrochemical group, announced that on February 19, 2013 the Tel-Aviv-Jaffa District Court ruled that the Company, the directors and the CEO serving prior to the publication of the Sales Prospectus (dated February 2007) as well as the directors serving on August 31, 2011 (during which the Company published for the...
HAIFA, Israel, January 3, 2013 /PRNewswire/ -- Oil Refineries Ltd. (TASE: ORL.TA) (hereinafter "the Company,""ORL"), Israel's largest integrated refining and petrochemical group, announced that it has successfully activated the hydrocracker, which passed the project's acceptance test and is producing distillates of the required quality and commercial quantities. Pinhas Buchris, CEO of ORL, commented: "We are pleased with the hydrocracker's activation, which is an...
HAIFA, Israel, January 2, 2013 /PRNewswire/ -- Oil Refineries Ltd. (TASE: ORL.TA) (hereinafter "the Company,""ORL"), Israel's largest integrated refining and petrochemical group, announced yesterday: 1. As part of the Company's work plan and 2013 budget, as discussed by the Board of Directors, the Company will implement efficiency measures, improvements and savings in various fields of activity in light of, among others, the current market situation, globally and in...
HAIFA, Israel, December 4, 2012 /PRNewswire/ -- Oil Refineries Ltd. (TASE: ORL.TA)(hereinafter "the Company,""ORL"), Israel's largest integrated refining and petrochemical group, announced that it has reapproved the providing of a letter of indemnity for Mr. David Federman, vice chairperson of the Company's board of directors and one of its controlling shareholders during the Company's Extraordinary General Meeting of its shareholders on December 2, 2012. 97.7% of the...
HAIFA, Israel, November 27, 2012 /PRNewswire/ -- Oil Refineries Ltd. (TASE: ORL.TA) (hereinafter "the Company,""ORL"), Israel's largest integrated refining and petrochemical group, announced that on November 25, 2012 it entered into a contractual agreement ("the Agreement") with the Tamar Partnership (Noble Energy Mediterranean Ltd., Isramco Negev 2 LP, Avner Oil Exploration LP, Delek Drilling LP, Dor Gas Exploration LP) for the purchase of natural gas, which will serve as an...
HAIFA, Israel, November 26, 2012 /PRNewswire/ -- Oil Refineries Ltd. (TASE: ORL.TA) (hereinafter "the Company," "ORL"), Israel's largest integrated refining and petrochemical group, announced that it has filed a shelf prospectus in Hebrew. This Prospectus will grant Oil Refineries flexibility in terms of time and scope of the capital raising, while enabling the Company to issue a broad variety of securities, as follows: - Up to 600 million Ordinary...
