Baku, Azerbaijan, Sept.12
By Zulfiyya Kurbanova - Trend:
The total amount of foreign capital in the form of direct investments in Azerbaijan's economy during the first half of 2014 amounted to $3.9 billion, with 85.3 percent of it to the oil and gas sector, the balance of payments posted on the website of the Central Bank of Azerbaijan said.
These investments are used to finance major oil and gas works in Azerbaijan, which are mainly carried out within the framework of the project by BP Exploration Ltd (Shah Deniz) and the Azerbaijan International Operating Company (AIOC) on the block of Azeri-Chirag-Guneshli fields.
The volume of direct investments involved in the non-oil sector amounted to $569 million, which accounted for 14.7 percent of the total amount of direct investments attracted to the country in the first half year, according to Central Bank estimations