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Azerbaijan sees increase in investments in oil sector

Economy Materials 18 May 2015 15:59 (UTC +04:00)

Baku, Azerbaijan, May 18
By Maksim Tsurkov - Trend:

The volume of investments made in Azerbaijan's oil sector in Jan.-Apr. 2015 was 2.1 billion Azerbaijani manats, or 12.3 percent more than in the same period of 2014, Azerbaijani State Statistical Committee said in its report.

The official exchange rate on May 18 is 1.0471 AZN/USD.

The total volume of investments in Azerbaijan's industrial sector in Jan.-Apr. stood at 2.48 billion manats, or 16 percent more than in the same period of 2014.

During the reporting period, 2.12 billion manats of this sum was invested in the country's mining industry, which is 18.7 percent more than in the same period of 2014.

The investments in the production, distribution and supply of electricity, gas and heat in Jan.-Apr. totaled 41.5 million manats, or 57.7 percent less than in the same period of 2014.
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