HAIFA, Israel, March 15, 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 fourth quarter and full year 2010 on Monday, March 21, 2011.

The Company will be hosting a conference call the same day, Monday, March 21, 2011, at 13:30 GMT (9:30 EST, 15:30 Israel time). On the call, management will review and discuss the fourth quarter and annual 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: 1-888-407-2553 UK Dial-in Number: 0-800-917-5108 Israel Dial-in Number: 03-918-0644 International Dial-in Number: +972-3-918-0644

at: 13:30 GMT, 9:30 ET, 6:30 PT, 15:30 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.

Oil Refineries' fourth quarter and annual 2010 earnings press release and financial statements will be available on the Company's website - http://www.orl.co.il on March 21, 2011.