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Article: Delek Israel's Lapidot slams refineries privatization: Delek Israel lost the tender to buy the Ashdod refinery to rival Paz.

Article from:
Globes
Article date:
September 25, 2007
Copyright

Byline: Roy Meltzer and Lior Baron

Sep. 25--"There is no doubt that the split-up and privatization of Oil Refineries is a failure. I don't think that anyone disagrees," Delek Israel CEO Eyal Lapidot told "Globes" in an exclusive interview.

Delek Group Ltd. (TASE: DLEKG) subsidiary Delek Israel Fuel Corporation Ltd. (TASE: DLKIS) lost the tender to buy the Ashdod refinery to Paz Oil Company Ltd. (TASE:PZOL). Oil Refineries Ltd. (TASE:ORL), which now includes only the Haifa refinery, was sold to a consortium of Israel Corp. (TASE: ILCO) and Israel Petrochemical Enterprises Ltd. (TASE:PTCH).

Lapidot added, "In my opinion, the high price reflects ...

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