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Investments in oil sector increase by quarter in Azerbaijan

Oil&Gas Materials 17 December 2014 15:23 (UTC +04:00)

Baku, Azerbaijan, Dec. 17

By Emil Ismayilov - Trend:

Around 5.42 billion AZN was invested in the Azerbaijani oil sector in January-November 2014 which is 24.4 percent more than in January-November 2013, the Azerbaijani State Statistics Committee's report as of 11 months of 2014 says.

More than 4.82 billion AZN was invested in the oil sector in 2013, which is 24.2 percent more than in 2012.

The total volume of capital investments in the Azerbaijani industrial sector amounted to 6.65 billion AZN in January-November, which is 3.6 percent more than the same period of 2013, the report said.

Around 5.4 billion AZN of this amount was invested in the mining industry during this period, which is 27.9 percent more than in January-November 2013.

The total volume of capital investments in the industrial sector of Azerbaijan amounted to 7.08 billion AZN in 2013, which is 16.4 percent more than in 2012. About 4.7 billion AZN of these funds was 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-November 2014 amounted to 307.5 million AZN, which is 4.9 percent less than in the same period of 2013.

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

The official exchange rate is 0.7845 AZN/USD Dec. 17.

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Emil Ismayilov is Trend Agency's staff journalist, follow him on Twitter: @Emilsmail

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