Azerbaijan, Baku, Dec. 15 / Trend , N.Ismayilova/ Total amount of foreign capital, which was used in the Azerbaijani capital from Jan. to Sept, made up $6bln, which is by 8.8% more than the figure in 2007, the National Bank of Azerbaijan said on Dec. 15. Considerable rise of investment is connected to involvement of foreign loans, non-guaranteed by the government, and investment in non-oil sector.
Serious qualitative and quantitative changes took place in structure of the used foreign capital during a report period. From Jan. to Sept. in 2008, total amount of repatriated direct investment in the country's economy and direct investments in foreign countries dropped by 44.4% - to $3.6bln. This drop is conditioned by cut of amount of repatriation of direct investments by huge oil companies through cut of foreign liabilities in oil and gas sector under of the Contract of Century. If the repatriated investments in oil and gas sector amounted to $ 6.1bln in 2007, this figure reached $ 3.3bln, cutting 2.3 times from Jan. to Sept. in 2008.
Total amount of direct investments in the country's economy made up $3bln with 83.8% of specific weight of oil and gas sector. These investments have been used in connection with construction work in the Azerbaijani territory within the framework of the oil and gas projects of BP Exploration Ltd (Shah Deniz), South Caucasus pipeline company (Baku-Tbilisi-Erzurum gas pipeline) and Azerbaijan International Operation Company (in Azeri-Chirag-Guneshli fields).
Direct investments in non-oil sector of the economy have been realized as a foreign capital in the amount of $479.7mln. Their specific weight in foreign investment made up 8%.
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