Middle East Economic Survey
VOL. XLVIII
No 2
10-January-2005
ISRAEL
Israel Approves Oil Refinery Privatization Plan
Israels ministerial privatization committee announced on 26 December it had agreed a proposal to privatize the majority state-held Israel Oil Refineries (IOR), which owns and operates the countrys two plants in Haifa and Ashdod. The plan involves the sale of the 90,000 b/d Ashdod plant through a 100% private placement to a local or foreign investor. The plan also involves the honoring...
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