Monday, April 07, 2008

Oil Refineries and Carmel Olefins mull merger

Israel's largest oil refiner - Oil Refineries Ltd., together with Israel Petrochemicals Enterprises Ltd., is jointly examining the possibility of a merger between Carmel Olefins Ltd. Oil Refineries Ltd., that currently holds 50% stake, is seeking to acquire a 100% stake in Carmel Olefins.

For more details please click on the following link

http://plastemart.com/plasticnews_desc.asp?news_id=11979&P=P

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