HAIFA, Israel, Sept. 2 /PRNewswire/ -- Oil Refineries Ltd. (TASE: ORL) (the "Company" or "ORL"), Israel's largest oil refiner, announced today that it has received a claim (the "Claim"), filed with the Haifa District Court by 17 soldiers and fighters in various IDF units, against the Company and nine other defendants. The Claim was filed regarding cancer and other diseases, which the plaintiffs allege they contracted due to their being in the Kishon River during the course of their military service, at different periods, from the 1950s through to the 1990s.
At this preliminary stage it can be noted that the claims, alleged in the Claim, as well as the legal and factual circumstances relating to the Claim as a whole, are similar to previous claims filed by previous groups of soldiers and fighters, as outlined in the Company's financial statements for 2006, as updated in the financial statements as of June 30, 2007. For additional information on this matter please refer to Note 16 B(2) of the Company's financial statements for the year ending December, 31, 2006 and to Note 6(2) of the Company's financial statements for the period ending June 30, 2007.
About Oil Refineries Ltd.
Oil Refineries Ltd. (ORL), located in the bay area of the city of Haifa, is Israel's largest oil refinery. ORL operates sophisticated and state-of- the-art industrial facilities with refining capacity of 9 million tons of crude oil per year, with 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 is also active in the area of Aromatics and Polymers through wholly-owned Gadiv Petrochemical Industries Ltd. and 50% owned Carmel Olefins Ltd. ORL is traded on the Tel Aviv Stock Exchange under the ticker ORL. For additional information please visit the Company's website: http://www.orl.co.il
|SOURCE Oil Refineries Ltd.|
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