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Investments in oil sector increase more than a quarter in Q1 of 2014

Oil&Gas Materials 21 April 2014 16:44 (UTC +04:00)
Some 1.37 billion manat was invested in the Azerbaijani oil sector in the first quarter of 2014 which is 26.1 percent more than in January-March 2013, according to the report of the State Statistics Committee on the first quarter of 2014.

Baku, Azerbaijan, April 21
By Emil Ismayilov - Trend:

Some 1.37 billion manat was invested in the Azerbaijani oil sector in the first quarter of 2014 which is 26.1 percent more than in January-March 2013, according to the report of the State Statistics Committee on the first quarter of 2014.

More than 4.82 billion manat was invested to the country`s 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 1.54 billion manat in January-March, which is 5.9 percent more than the same period in 2013, the report said.

Some 1.36 billion manat has been invested in the mining industry during the reported period, which is 25.4 percent more than in January-March 2013.

The total volume of capital investments in the industrial sector of Azerbaijan amounted to 7.08 billion manat in 2013, which is 16.4 percent more than in 2012. About 4.7 billion manat out of these funds has been 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-March, 2014 year amounted to 65 million manat, which is 26.9 percent more than the same period in 2013.

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

The official exchange rate on April 21 is 0.7843 AZN / USD.

Translated by S.I.
Edited by C.N.

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