Investments in Azerbaijan’s oil sector increase by over half in Jan.
Baku, Azerbaijan, Feb. 24
By Maksim Tsurkov - Trend:
Some 675.5 million manats was invested in Azerbaijan's oil and gas sector in January 2016 or 54.4 percent more than in the same period of 2015, the Azerbaijani State Statistics Committee's report as of January says.
The total volume of investments in Azerbaijan's industrial sector hit 687.3 million manats in January 2016 or by 15.7 percent less than in the same period of 2015.
Some 675.1 million manats of these funds were invested in the mining industry in January 2016, which is 13.2 percent less than in the same period of 2015.
The investments in production, distribution and supply of electricity, gas and heat totaled 8.2 million manats in January or four percent more than in the same period of 2015.
As of Feb. 24, the official exchange rate is 1.5593 AZN/USD.