Some 80 percent of direct investments in Azerbaijan's economy made in oil and gas sector
Azerbaijan, Baku, March 28 / Trend, A.Akhundov /
The total foreign capital attracted to the Azerbaijani economy in 2011 amounted to $8.1 billion, decreasing by 2.4 percent compared to a year earlier, the Central Bank of Azerbaijan's (CBA) website reports on Wednesday.
The total amount of foreign capital in the form of direct investments amounted to $4.4 billion, where the specific weight of the oil and gas sector hit 78 percent. These investments were used to finance work on the Azerbaijani territory, mostly work conducted within the oil and
gas projects by BP Exploration Ltd (Shah Deniz) and the Azerbaijan International Operating Company (AIOC) on the Azeri-Chirag-Guneshli field.
According to the CBA, the volume of direct investments attracted to the non-oil sector was $978.3 million, or 22 percent of the total volume of direct investments attracted to the country.