Investments in Azerbaijan’s oil, gas sector down
Baku, Azerbaijan, May 18
By Maksim Tsurkov – Trend:
In January-April 2017, 2.98 billion manats were invested in Azerbaijan’s oil and gas sector, as compared to 3.05 billion manats in the same period of 2016 (2.2 percent decrease), the Azerbaijani State Statistics Committee said in a report.
During the reporting period, the total volume of investments in Azerbaijani industrial sector amounted to 3.26 billion manats, which is by 2 percent more than in January-April 2016.
Some 2.96 billion manats out of that volume were invested in Azerbaijan’s extractive industry in January-April 2017, which is by 2.5 percent less than in the same period of 2016, the report said.
Investments in production, distribution and supply of electricity, gas and heat amounted to 115.9 million manats in January-April 2017 that is by 2.7 times more than in the same period of 2016.