Exxon selling Japan unit for $3.9B to cut refining

Courtesy Topix - Business News  Mon, 01/30/2012 - 02:33

Exxon Mobil Corp. is selling its Japanese refining and marketing business to partner TonenGeneral Sekiyu K.K. in a $3.9 billion deal that reflects a long-term decline in Japan's demand for fuel and a global strategy to refocus on exploration.


 

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