Investments in oil sector increase by over 15% in Azerbaijan in Jan.-Feb.

Oil&Gas Materials 21 March 2015 13:15 (UTC +04:00)

Baku, Azerbaijan, March 21
By Maksim Tsurkov - Trend:

Around 893.8 million manats was invested in the Azerbaijani oil sector in January-February 2015 which is 15.3 percent more than in January-February 2014, the Azerbaijani State Statistics Committee's report as of January-February said.

The total volume of capital investments in the Azerbaijani industrial sector amounted to 988.3 million manats in January-February, which is 11.5 percent more than in the same period of 2014, the report said.

Around 893.1 million manats of this amount was invested in the mining industry during this period, which is 16.4 percent more than in the same period of 2014.

Investments in production, distribution and supply of electricity, gas and heat during this period amounted to 14.5 million manats, which is 57.7 percent less than in the same period of 2014.

The official exchange rate is 1,0486 AZN/USD on March 21.


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