TonenGeneral Sekiyu KK agreed to buy partner Exxon Mobil Corp.’s Japanese business in a $3.9 billion deal that may force the oil refiner to seek new alliances. TonenGeneral will acquire 99 percent of Exxon Mobil Yugen Kaisha, which produces and sells fuels, using cash and bank loans, the Tokyo-based company said yesterday.Refiners in Japan are grappling with rising operating costs after a 2010 order from the government to upgrade their oldest plants to extract more fuel from crude. While Japan’s consumption is declining due to a shrinking population and greater use ...

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