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Investments in Azerbaijan's oil sector increase by over 30 percent

Oil&Gas Materials 14 September 2013 15:09 (UTC +04:00)

Azerbaijan, Baku, Sept. 14 / Trend E. Ismayilov /

Around 3.04 billion manat was invested in the oil sector in January-August 2013 or 32.6 percent more than in the same period of last year, the State Statistics Committee told Trend today.

Around 398.1 million manat investments were made in the country's oil sector in August compared to 305.4 million manat in July 2012.

According to the State Statistics Committee, the total volume of capital investments in the industrial sectors of Azerbaijan in January-August amounted to 4.5 billion manat or 42 percent more than in the same period of last year.

Around 3.05 billion manat of these funds was invested in the mining industry or 32.4 percent more than in the same period of 2012.

The investments in the production, distribution and supply with electricity, gas and heat in January-August amounted to 213 million manat, which is 1.8 percent more than in January-August 2012.

The official exchange rate is 0,7845 AZN/USD on Sept. 14.

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