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1/8 Photo: ITAR-TASS At the opening ceremony of the new deep-water terminal at the Rosneft’s Tuapse Oil Refinery. Vladimir Putin, Rosneft Chairman Igor Sechin (left) and a Rosneft employee pressed the symbolic start button for loading the first tanker. June 15, 2012 Full captionFull caption|||Minimise

• Photo: ITAR-TASS| At the opening ceremony of the new deep-water terminal at the Rosneft’s Tuapse Oil Refinery. Vladimir Putin, Rosneft Chairman Igor Sechin (left) and a Rosneft employee pressed the symbolic start button for loading the first tanker.|Tuapse|June 15, 2012|http://eng.news.kremlin.ru/media/events/photos/big/41d3f6ce746bcfa7b9ce.jpeg|http://eng.news.kremlin.ru/media/events/photos/medium/41d3f6ce74748cf4afa6.jpeg
• Photo: the Presidential Press and Information Office| At the opening ceremony of the new deep-water terminal at the Rosneft’s Tuapse Oil Refinery. Vladimir Putin, Rosneft Chairman Igor Sechin (left) and a Rosneft employee pressed the symbolic start button for loading the first tanker.|Tuapse|June 15, 2012|http://eng.news.kremlin.ru/media/events/photos/big/41d3f6d19f7ed59dac58.jpeg|http://eng.news.kremlin.ru/media/events/photos/medium/41d3f6d19f8229240785.jpeg
• Photo: ITAR-TASS| After the opening ceremony of the new deep-water terminal at the Rosneft’s Tuapse Oil Refinery, Vladimir Putin was briefed on Rosneft’s performance.|Tuapse|June 15, 2012|http://eng.news.kremlin.ru/media/events/photos/big/41d3f6d0205977ea0324.jpeg|http://eng.news.kremlin.ru/media/events/photos/medium/41d3f6d020632a99bc90.jpeg
• Photo: the Presidential Press and Information Office| At the opening ceremony of the new deep-water terminal at the Rosneft’s Tuapse Oil Refinery.|Tuapse|June 15, 2012|http://eng.news.kremlin.ru/media/events/photos/big/41d3f6d1bd5ba0d396e5.jpeg|http://eng.news.kremlin.ru/media/events/photos/medium/41d3f6d1bd5f00eb786c.jpeg
• Photo: the Presidential Press and Information Office| The Chairmen of Rosneft and ExxonMobil, Igor Sechin (right), and Rex Tillerson, signed an agreement on joint development of difficult-to-access reserves in western Siberia.|Tuapse|June 15, 2012|http://eng.news.kremlin.ru/media/events/photos/big/41d3f6d1cd70c15d3524.jpeg|http://eng.news.kremlin.ru/media/events/photos/medium/41d3f6d1cd7979b72428.jpeg
• Photo: the Presidential Press and Information Office| Vladimir Putin oversaw the signing of an agreement between President and Management Board Chairman of Rosneft Igor Sechin (left) and President and Chairman of ExxonMobil Rex Tillerson on joint development of difficult-to-access reserves in western Siberia.|Tuapse|June 15, 2012|http://eng.news.kremlin.ru/media/events/photos/big/41d3f6d18b1180e08540.jpeg|http://eng.news.kremlin.ru/media/events/photos/medium/41d3f6d18b1a4dd3da83.jpeg
• Photo: the Presidential Press and Information Office| Vladimir Putin oversaw the signing of an agreement between President and Management Board Chairman of Rosneft Igor Sechin (left) and President and Chairman of ExxonMobil Rex Tillerson on joint development of difficult-to-access reserves in western Siberia.|Tuapse|June 15, 2012|http://eng.news.kremlin.ru/media/events/photos/big/41d3f6d19192a6a00327.jpeg|http://eng.news.kremlin.ru/media/events/photos/medium/41d3f6d1919b813deb56.jpeg
• Photo: the Presidential Press and Information Office| With President and Chairman of the Board of ExxonMobil Rex Tillerson. On the far right is President and Management Board Chairman of Rosneft Igor Sechin.|Tuapse|June 15, 2012|http://eng.news.kremlin.ru/media/events/photos/big/41d3f6d17474d02985dd.jpeg|http://eng.news.kremlin.ru/media/events/photos/medium/41d3f6d1747dbc2787cf.jpeg

The deep-water terminal is made up of two facing rows of berths for loading tankers with capacity of up to 80,000 tons. The terminal is expected to handle 7 million tons of oil products a year.

Mr Putin was also briefed on Rosneft’s oil production data, and on the budget revenue the company generates, including through its privatisation, oil refinery modernisation programmes, and big projects in the Black Sea and Western Siberia.

The President thanked Rosneft’s management and staff for their successful work, noting that the oil and gas sector is the driving force in Russia’s economy, and that Rosneft has established itself as a leader not just in Russia but globally.

A video conference then took place at the Tuapse Oil Refinery, during which Mr Putin saw a presentation of Rosneft’s development strategy.

The President also witnessed the signing of an agreement between Rosneft and US company ExxonMobil on joint development of hard-to-access reserves in western Siberia.

Mr Putin also met with ExxonMobil Chairman and CEO Rex Tillerson.