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Investments in oil sector increase by a third in Azerbaijan in Jan.-April

Oil&Gas Materials 20 May 2014 16:39 (UTC +04:00)

Baku, Azerbaijan, May 20

By Emil Ismayilov - Trend:

Some 1.87 billion manat was invested in the Azerbaijani oil sector in January-April 2014 which is 32.1 percent more than in January-April 2013, according to the report of the State Statistics Committee as of January-April 2014.

More than 4.82 billion manat was invested in the country`s oil sector in 2013, which is 24.2 percent more than in 2012.

The total volume of capital investments in the industrial sector in Azerbaijan amounted to 2.27 billion manat in January-April, which is 12.7 percent more than the same period of 2013, the report said.

Some 1.86 billion manat has been invested in the mining industry during the reported period, which is 31.2 percent more than in January-April 2013.

The total volume of capital investments in the industrial sector of Azerbaijan amounted to 7.08 billion manat in 2013, which is 16.4 percent more than in 2012. About 4.7 billion manat of these funds has been invested in the mining industry which is 20.6 percent more than in 2012.

Investments in production, distribution and supply of electricity, gas and heat in January-April 2014 year amounted to 95.7 million manat, which is 46.4 percent more than the same period of 2013.

Investments in production, distribution and supply of electricity, gas and heat in 2013 amounted to 390.5 million manat, which is 31.5 percent less than in 2012.

The official exchange rate is 0.7844 AZN/USD on May 20.

edited by CN

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