Exxon to sell part of Tonen stake for about $3.9 bln: sources

TOKYO (Reuters) – Exxon Mobil plans to sell a large part of its 50 percent stake in TonenGeneral Sekiyu KK back to its Japanese refining partner in a deal that could be worth about 300 billion yen ($ 3.9 billion), and will make an announcement as early as Monday, sources told Reuters. Exxon Mobil will retain about a 20 percent stake in TonenGeneral but the deal will mark a de facto retreat from the world’s third-largest economy by the U.S. oil giant, which is focusing its resources on emerging markets and development of natural resources. ($ 1 = 76. …