Investments in Azerbaijan’s oil sector increase
Baku, Azerbaijan, June 21
By Azad Hasanli - Trend:
The volume of investments made in Azerbaijan's oil sector in Jan.-May 2015 stood at 2.76 billion Azerbaijani manats, or 12.2 percent more than in the same period of 2014, the country's State Statistical Committee said in its report on the first five months of 2015.
The official exchange rate on June 19 was 1.0474 AZN/USD.
The total volume of investments in Azerbaijan's industrial sector stood at 3.17 billion manats in Jan.-May 2015, or 10.2 percent more than in the same period of 2014, according to the report.
Of this volume, 2.8 billion manats was invested in the mining industry during the reporting period, or 14.6 percent more than in the same period of 2014.
The investments in production, distribution and supply of electricity, gas and heat totaled 52.7 million manats in Jan.-May 2015, or 57.9 percent less than in the same period of 2014.
Edited by SI
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