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Nearly 8B AZN invested in Azerbaijan’s oil sector

Oil&Gas Materials 19 December 2016 20:47 (UTC +04:00)

Baku, Azerbaijan, Dec. 19

By Maksim Tsurkov – Trend:

About 7.82 billion manats were invested in Azerbaijan’s oil and gas sector in January-November 2016.

During the period, total volume of investments in Azerbaijani industrial sector amounted to 8.66 billion manats, which is by 14.9 percent less than in January-November 2015.

About 7.765 billion manats out of this volume were invested in mining industry during the period that is by 13.5 percent less than in January-November 2015.

Investments in production, distribution and supply of electricity, gas and heat amounted to 283 million manats during the period that is by 49.9 percent more than in January-November 2015.

The official exchange rate is 1.7525 AZN/USD on Dec. 19.

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Follow the author on Twitter: @MaksimTsurkov

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