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Azerbaijan’s income of profit oil to grow by 70 percent in 2013

Oil&Gas Materials 7 June 2013 20:00 (UTC +04:00)

Azerbaijan, Baku, June 7 / Trend, E. Ismayilov /

Between 1994 and late 2012, around $43.6 billion was invested in the Azerbaijani oil and gas sector, the SOCAR stand, presented at the "Caspian Oil and Gas 2013" exhibition, said today.

According to SOCAR, around $5.65 billion were invested in the oil and gas sector of the country in 2012 compared to $ 4.31 billion in 2011. In 2010, the figure was $3.03 billion compared to $ 2.61 billion in 2009.

According to the forecasts, Azerbaijan will receive 71 percent of the total amount of profit oil in 2013 compared to 69.9 percent in 2012.

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