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Israel investigates hydrocarbon leak at Oil Refineries unit

May 21/2019

MOSCOW (MRC) -- Israels Oil Refineries (ORL) said it had been informed of an investigation by the Ministry of Environmental Protection at its Gadiv Petrochemical Industries unit, as per Hydrocarbonprocessing.

It said the investigation concerned a hydrocarbon leak that occurred a few months ago.

ORL, Israels largest refining and petrochemicals group, said at this stage it was unable to predict the results of the investigation and its implications for ORL and Gadiv.

As MRC informed earlier, Israels Oil Refineries (ORL) reported lower quarterly net profit, saying timing differences on the value of its inventory offset higher refining margins. ORL, Israels largest refining and petrochemicals group, earned USD63 million in the third quarter, down from USD74 million a year earlier.


mrcplast.com
Author:Anna Larionova
Tags:petroleum products, petrochemistry, Crude oil, petrochemistry.
Category:General News
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