Growth Rate of Non-oil Industry Exceeded Rate of Oil Sector in Azerbaijan
Azerbaijan, Baku, 17 March / Trend corr I. Khalilova / The amount of industrial production in Azerbaijan made up AZN 4,062,800 in January to February, or 13.3% more than in the same period of 2007, according to the State Statistics Committee. The volume of industrial production and services in non-oil sector of industry increased by 15.6% and in oil sector by 12.4%.
The growth rate in the extractive industry made up 12.9%, making up AZN 3,028,200 with specific weight of the total industrial production being 74.5%. The growth rate in the manufacturing factory equaled 14.4%, comprising AZN 789.9mln (19.4%). Production in electric energy, gas, and water fields amounted to AZN 244.6mln (13% increase).
Rise made up 12.1% in oil production, 50% in gas production and 4.6% in oil refinery.
Production of machinery and equipment increased by 27.5%, metallurgical industry and ready products from metal by 52%, wooden materials by 52.8%, foodstuffs by 12%, and chemical production by 2.6 times.
The share of the non-governmental sector in the aforementioned period comprised 79.6% (AZN 3,235,000) of total industrial production. An increase in the non-governmental sector was 15.7% compared to governmental production which decreased by 4.8%.
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