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ExxonMobil to Cut Stake in Japan Downstream Operations

7:14 AM MST | February 10, 2012 | Deepti Ramesh and Ian Young

ExxonMobil says it will cut its stake in the company’s TonenGeneral Sekiyu (Tokyo) refining affiliate from 50.5%, to 22% as part of a restructuring of ExxonMobil’s downstream operations in Japan. TonenGeneral Sekiyu will acquire a 99% stake in...

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