JERUSALEM, Oct 25 - Israel's Oil Refineries (ORL.TA) said on Sunday its third-quarter adjusted refining margin would be above $7 a barrel.
Oil Refineries, Israel's biggest refinery, said its adjusted margin was expected to be substantially higher than the Reuters refining margin benchmark for similar cracking refineries in the Mediterranean with the ability to refine Ural crude oil.
"The company's reported refining margin for the third quarter of 2009 is not expected to be less than the adjusted margin," it said on a statement.
It had posted a refining margin of $3.5 a barrel in the first half of 2009.
Oil Refineries is due to publish quarterly results next month.
Oil Refineries, Israel's biggest refinery, said its adjusted margin was expected to be substantially higher than the Reuters refining margin benchmark for similar cracking refineries in the Mediterranean with the ability to refine Ural crude oil.
"The company's reported refining margin for the third quarter of 2009 is not expected to be less than the adjusted margin," it said on a statement.
It had posted a refining margin of $3.5 a barrel in the first half of 2009.
Oil Refineries is due to publish quarterly results next month.
