Middle East Economic Survey

VOL. LIII

No 7

15-Feb-2010

ISRAEL

Israels ORL Secures $900mn In Financing

Haifa-based Oil Refineries Limited (ORL), which operates Israels largest oil refinery, has secured a $900mn financing framework with which to implement its strategic plan and service capital needs over the next four years, ORL said on 7 February. The funding will go towards the completion of a $500mn hydrocracker as well as the refinancing of ORLs debt. As part of the financing, the US Congress...