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Investments in Azerbaijan’s oil sector increase

Business Materials 15 August 2016 14:27 (UTC +04:00)

Baku, Azerbaijan, Aug. 15

By Maksim Tsurkov – Trend:

In January-July 2016, 5.15 billion manats (1.6102 AZN/USD on Aug. 15) were invested in Azerbaijan’s oil and gas sector, that is, 25.6 percent more than in the same period of 2015, said a State Statistics Committee report.

During the period, the total investments to Azerbaijan’s industry were 5.43 billion manats, or 13.1 percent more than in January-July 2015.

Some 5.13 billion manats of these funds were invested in the country’s mining industry during the period, which is 22.1 percent more than in January-July 2015.

Investments in production, distribution and supply of electricity, gas and heat totaled 105.3 million manats in January-July 2016, that is, 24.9 percent more than in the same period of 2015.

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