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Investments in Azerbaijan’s oil and gas sector increase in 2015

Economy Materials 25 January 2016 16:49 (UTC +04:00)

Baku, Azerbaijan, Jan. 25

By Maksim Tsurkov - Trend:

The volume of investments made in Azerbaijan's oil and gas sector in 2015 totaled 7.16 billion manats, or 20.1 percent more than in 2014, said a report issued by Azerbaijan's State Statistical Committee.

The volume of investments made in the country's industrial sector in 2015 stood at 8.39 billion manats or 7.8 percent more than in 2014, said the report.

Of these funds, 7.2 billion manats was invested in the mining industry, which is 18.8 percent more than in 2014.

Investments in production, distribution and supply of electricity, gas and heat in 2015 stood at 193.2 million manats, or 55.3 percent less than in 2014.

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