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Agreement of Principles of Employment

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EXHIBIT 10.50


AGREEMENT OF PRINCIPLES OF EMPLOYMENT


Dated July 6, 2005


By and among: DAVID WIESSMAN (hereinafter: "Mr. Wiessman")


And: ALON ISRAEL OIL COMPANY LTD. (hereinafter: "Alon Israel")


And: ALON USA ENERGY, INC. (hereinafter "Alon Energy")


WHEREAS, Mr. Wiessman and Alon Israel have entered into an Agreement of Principles of Employment dated June 19, 2005 (the "Alon Israel Employment Agreement");


WHEREAS, portions of the Alon Israel Employment Agreement relate to Mr. Wiessman's services to Alon Energy and its subsidiaries;


WHEREAS, Alon Energy has agreed to assume from Alon Israel and to be responsible for the compensation and other benefits set forth in the Alon Israel Employment Agreement which pertain to Mr. Wiessman's services to Alon Energy and its subsidiaries;


NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:


1. The term of this agreement will be for 5 (five) years
commencing on 1/1/05 (hereinafter: "THE TERM OF THE
AGREEMENT").


2. During the term of this agreement, Mr. Wiessman through DW
OPERATING, LLC, will render his services to Alon Energy in the
USA and will serve as Executive Chairman of the Board of Alon
Energy and as chairman or an executive officer (as the case
may be) in all of the subsidiaries of Alon Energy.


3. The monthly remuneration to be paid by Alon Energy to Mr.
Wiessman for rendering his services to Alon Energy in
accordance with section 2 above will be: $24,000 (twenty-four
thousand dollars) ("THE REMUNERATION"). Mr. Wiessman will be
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