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Article: BHP deal propels Honolulu-based PRI into firm hold on Pacific Rim markets. (oil industry merger between Broken Hill Proprietary Company Ltd. and Pacific Resources Inc.)
- Article from:
- The Oil Daily
- Article date:
- May 16, 1990
- Author:
CopyrightCOPYRIGHT 1990 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BHP Deal Propels Honolulu-Based PRI Into Firm Hold on Pacific Rim Markets
HONOLULU - Pacific Resources, Inc., in the year since its merger with Australian Broken Hill Pty., has taken a firm hold on key markets in the Pacific Rim. PRI is doubling its revenues and expects to triple trading volume by the end of the fiscal year (May 31).
Fiscal year 1990 revenues will hit $2.4 billion, compared to pre-merger totals of about $1 billion, according to Charles L. Dunlap, executive vice president of PRI and president of its subsidiary, Hawaiian Independent Refinery, Inc.
"We are quite pleased with the transition period following the merger," Dunlap told ...