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Oil Refineries Announces Results For Third Quarter And First Nine Months 2012

The Group will also be hosting a conference call today, November 21, 2012, at 13:30 UK time, 8:30 ET, 5:30 PT and 15:30 Israeli Time.

On the call, management will present a presentation reviewing the Third quarter and first nine months 2012 highlights and industry trends. The presentation is available for download from the Group's website http://www.Bazan.co.il: Investor Relations > Financial Reports.

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:            1-866-860-9642 UK Dial-in Number:             0-800-051-8913 Israel Dial-in Number:         03-918-0685 International Dial-in Number:  +972-3-918-0685

A replay of the call will be available after the call on the Group's website at http://www.orl.co.il.

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. Besides production of fuels, the Group produces in its wholly owned subsidiaries Polymers (through Carmel Olefins Ltd), Aromatics (through Gadiv Petrochemical Industries Ltd), and Lube-Oils (through Haifa Basic Oils Ltd). The Group's shares are listed on the Tel Aviv Stock Exchange under the ticker ORL. For additional information please visit http://www.orl.co.il.

ORL is controlled by the Israel Corporation Ltd. and Israel Petrochemical Enterprises Ltd., both public companies whose shares are traded on the Tel Aviv Stock Exchange.

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