...

Over 77 percent of direct investments to Azerbaijani economy fall to oil and gas sector

Business Materials 13 December 2010 16:10 (UTC +04:00)

Azerbaijan, Baku, Dec. 13 / Trend N. Ismayilova /

The total amount of foreign capital drawn to the Azerbaijani economy in January-September amounted to $5.7 billion, or 1.4 times more than during the same period last year, the Central Bank of Azerbaijan (CBA) reported today.

The total amount of direct investments in the economy amounted to $2 274.4 million, where the weight of the oil and gas sector was 77.15 percent. These investments were used to finance construction work on the territory of Azerbaijan within the oil and gas projects at the Azeri-Chirag-Guneshli bloc of fields operated by BP Exploration (Shah Deniz) Ltd. and the AIOC

According to the CBA, the amount of direct investments drawn to the non-oil sector amounted to $519.7 million, or 22.85 percent of the total amount of the direct investments drawn to the country.

Latest

Latest