Haifa Refinery Project
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Summary Information

  • Ownership: ORL
  • Website: http://www.orl.co.il/
  • Wiki Page: Haifa Refinery
  • Location: Haifa, Israel
  • Capacity: million tons/annum & bbl/day
  • Nelson Complexity: 7.4 / 9
  • Project Stage: Commissioning
  • Expected Completion: 2012
  • Budget: $500 million

The Project

  • Project Type: Upgrade
  • Project Summary: The project involves the addition of a Hydrocracker. Once established, the Hydrocracker is expected to increase the Company's Nelson Complexity Index (NCI), currently 7.4, to over 9.
  • Main Contractors:

Refining Units

  • Hydrocracker - 25,000 bpd

Terminal Capacity

  • Crude Oil:
  • Refined Products:

Crude Supply

  • -

Products Produced

  • The yield of jet fuel and diesel will increase


  • 2008 - ORL board approves Hydrocracker project
  • 2009 - ORL board approves project at reduced cost

Other Information

  • As part of the financing framework the Company signed an agreement of principles to receive $600 million dollars in financing from a syndicate of local banks, led by Bank Hapoalim.
  • Additionally, the US Congress has approved a $300 million backing from Ex-Im Bank, designated for the financing of equipment to be purchased outside of Israel.

Relevant Links

  1. Oil Refineries' Board Approves Establishment Of Hydro-Cracker For $670 Million Investment
  2. Oil Refineries' Board Reiterates Approval To Establish Hydrocracker At Reduced Cost Of $500 Million
  3. Hydrocracker Project & CAOL Merger Kicked Off

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