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Total amount of income repatriated by foreign investors of Azerbaijani oil and gas sector exceeds $2.2 billion for 9 months

Business Materials 14 December 2010 16:19 (UTC +04:00)

Azerbaijan, Baku, Dec. 14 / Trend N. Ismayilova /

According to the Central Bank of Azerbaijan's balance of payments, the total turnover of payments and revenues in January-September 2010 amounted to $3,287.4 million, of which 90.8 percent ($2,986.5 million) fell to the payments to Azerbaijan.

The major part of payments ($2,246.1 million) was made through repatriating the income (by oil) by foreign investors of the Azerbaijan International Operating Consortium (AIOC).

About 87.7 million fell to the salaries of non-residents. The interest payments on the used loans, including oil and gas sector hit $139.2 million.

During the reporting period reserve assets of the republic reached $8,304.1 million.

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