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Nippon Oil Corp., Japan’s largest refiner, may process 40 percent more crude oil for a unit of PetroChina Co. under an accord expected to be signed this month, according to company officials.

The Tokyo-based refiner wants to increase daily processing for China National United Oil Corp., known as Chinaoil, to 70,000 barrels from 50,000 barrels, two Nippon Oil officials said.

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