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...