ExxonMobil and Rosneft will jointly develop oil and natural gas resources in the Tuapse Trough off Russia's coast. "ExxonMobil technologies will effectively complement Rosneft's experience and resources," Russian Deputy Prime Minister Igor Sechin said. "ExxonMobil will bring its technology, project-execution capabilities and innovation to compliment Rosneft's strengths and experience in the region," said Rex Tillerson, chairman and CEO of ExxonMobil.

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