Baku, Azerbaijan, Mar.30
By Ilaha Mammadli - Trend:
The total amount of foreign capital in the form of direct investments in Azerbaijan's economy during 2015 amounted to $7.5 billion, where the share of oil and gas sector stood at 88.5 percent, according to the balance of payments, published on the website of the Central Bank of Azerbaijan (CBA).
The volume of direct investments attracted to the non-oil sector amounted to $860.4 million, which is 11.5 percent of the total amount of direct investments attracted to the country over the last year, according to Central Bank's estimates.
These investments were used to finance major oil and gas work in Azerbaijan, mainly carried out within the framework of projects by BP Exploration Ltd (Shah Deniz) and the Azerbaijan International Operating Company (AIOC) at the Azeri-Chirag-Guneshli block of fields.
Azerbaijan received $2 million in the form of bonuses for oil contracts in 2015 (versus $17 million in 2014).