Russia’s LUKoil, which is the third private oil company by proven hydrocarbon reserves in the world, intends to further expand its presence at the Caspian region.
On 21 May, Russian President Vladimir Putin named a new Cabinet, keeping several key ministers, including finance, foreign and defence, at their posts, but also replacing the most unpopular ones.
Kazakhstan’s President Nursultan Nazarbayev and his Belarusian counterpart Alexander Lukashenko have agreed to jointly battle efforts to use human rights issues for exerting political pressure, the Belarusian president's press office said.
The Directorate of construction projects of the Ministry of Construction of Turkmenistan recently announced an international tender for construction of a new, modern city of Abadan, Turkmenistan.ru reported.
Chairman of the State Social Protection Fund (SSPF) of Azerbaijan Salim Muslimov recently stated that Azerbaijan is supposed to create sectoral pension funds, news agencies reported.
Russian President Vladimir Putin decided not to attend the Group of Eight (G8) summit hosted by US President Barack Obama to be held at the Camp David US presidential retreat in Maryland on 18-19 May.
On 15 May, Russian Prime Minister Dmitry Medvedev submitted the list of cabinet appointments to President Vladimir Putin with the latter expected to start consultations with the appointees on 16 May.