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Japan's top oil privals in merger deal
japan's top oil refiner, nippon oil, is merging with smaller rival nippon mining holding in an attempt to weather falling oil prices and weak demand .
日本の上オイルの精製業者、日本オイルはより小さい対立日本鉱山の保有物と、下るオイル価格および弱い要求を風化させるために併合している。
their shares jumped 14% before the announcement, bringing their combined market value to $8.6bn (Â5.7bn) .
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the two companies plan to reduce their combined oil refining capacity by 400,000 barrels a day, or 20%, by april 2012, nippon oil president said .
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Generated 2008-12-10_19:46
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