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Investments in oil sector increase up to 30 percent in Azerbaijan

Oil&Gas Materials 17 September 2014 16:37 (UTC +04:00)

Baku, Azerbaijan, Sept. 17
By Emil Ismayilov - Trend:

Around 3.95 billion AZN was invested in the Azerbaijani oil sector in January-August 2014 which is 29.5 percent more than in January-August 2013, according to a report from the State Statistics Committee.

More than 4.82 billion AZN was invested in the oil sector in 2013, which is 24.2 percent more than in 2012.

The total volume of capital investments in the industrial sector in Azerbaijan amounted to 4.78 billion AZN in January-August, which is 6.1 percent more than the same period of 2013, the report said.

Around 3.93 billion AZN of this amount was invested in the mining industry during this period, which is 28.7 percent more than in January-August 2013.

The total volume of capital investments in the industrial sector of Azerbaijan amounted to 7.08 billion AZN in 2013, which is 16.4 percent more than in 2012. About 4.7 billion AZN of these funds was invested in the mining industry which is 20.6 percent more than in 2012.

Investments in production, distribution and supply of electricity, gas and heat in January-August 2014 amounted to 197.1 million AZN, which is 7.6 percent less than in the same period of 2013.

Investments in production, distribution and supply of electricity, gas and heat in 2013 amounted to 390.5 million AZN, which is 31.5 percent less than in 2012.

The official exchange rate is 0.7843 AZN/USD on Sept. 17.

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