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Investments in Azerbaijan oil sector in 1 HY increase significantly

Oil&Gas Materials 16 August 2014 13:55 (UTC +04:00)

Baku, Azerbaijan, Aug.16
By Emil Ismayilov - Trend:

In 1 HY 2014 3.45 billion AZN were invested in the oil sector of Azerbaijan, which is 30.4 percent more than the same period of last year, the report of the State Statistics Committee said.

In 2013 some 4.82 billion AZN worth of investments were made into the country's oil sector, which is a 24.2-percent increase over 2012.
In January-July total capital investments in the industrial sector of Azerbaijan amounted to 4.17 billion AZN, which is 5.4 percent more than the same period of 2013, the State Statistics Committee reported.

Moreover, 3.44 billion AZN of the abovementioned sum was invested into the mining industry, which is 29.5-percent increase over the January-July 2013 period.

The total volume of capital investments in the industrial sector of Azerbaijan in 2013 amounted to 7.08 billion AZN, which is a 16.4 percent increase compared to 2012. Some 4.7 billion AZN of that amount was invested into the mining industry - a 20.6-percent increase over 2012.

Investments in production, distribution and supply of electricity, gas and heat in 1 HY amounted to 140.9 million AZN, which is a 16.2 percent increase, compared to the same period of 2013.

Investments in generation, 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 for August 16 is 0,7842 AZN / USD.

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