Azerbaijan, Baku, 12 June / Trend, A. Akhundov /
The total volume of foreign capital in the form of direct investments in Azerbaijan's economy amounted to $1.4 billion, 83.2 percent went into the oil and gas industry, according to the balance of payments published Wednesday on the website of the Central Bank of Azerbaijan (CBA).
These investments are used to finance projects in Azerbaijan, mainly involving oil and gas projects by BP Exploration Ltd (Shah Deniz) and the Azerbaijan International Operating Company (AIOC) on Azeri-Chirag-Guneshli.
According to CBA estimates, the volume of direct investments attracted to the non-oil sector amounted to $238.1 million, accounting for 16.8 percent of the total volume of direct investment attracted into the country.