Israel Oil Refineries reports Q4 loss, sees improving margins in 2021

Israel Oil Refineries reports Q4 loss, sees improving margins in 2021
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04.03.2021

MOSCOW (MRC) -- Israel's Oil Refineries (ORL) swung to a loss in the fourth quarter, hit by the coronavirus pandemic, and said it had saw signs of recovery so far in 2021, said Hydrocabonprocessing.ORL, Israel's largest refining and petrochemicals group, said it lost USD68 million in the October-December period compared with zero profit a year earlier. Revenue dipped 39% to USD952 million

Full article at mrcplast.com

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