Investments in Azerbaijan's oil sector grew by almost fourth in 2013

Photo: Investments in Azerbaijan's oil sector grew by almost fourth in 2013 / Oil&Gas

Baku, Azerbaijan, Jan.23

By Emin Ismayilov - Trend:

In 2013 over 4.82 billion manat invested in Azerbaijan's oil sector, that is by 24.2 per cent more than the indicator in 2012, the State Statistics Committee of Azerbaijan said in its report released on Jan.23.
According to the report, in December 482.7 million manat was invested in oil sector against 430.5 million manat invested in December 2012.

In total, according to State Statistic Committee data, the total volume of capital investments in the industrial sector in Azerbaijan in 2013 constituted 7.08 billion manat, that is by 16.4 per cent more than the same indicator of 2012.

Of these funds, about 4.7 billion manat was invested in extractive industry, that is by 20.6 per cent more than the indicator in 2012.

Investments in production, distribution and supply of electricity,by gas and heat in 2013 constituted 390.5 million manat, that is by 31.5 per cent less than the indicator in 2012.
The official exchange rate for Jan.23 is 0.7843 AZN/USD.

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