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Investments in Azerbaijan’s oil, gas sector down

Oil&Gas Materials 18 July 2017 19:14 (UTC +04:00)

Baku, Azerbaijan, July 18

By Maksim Tsurkov – Trend:

In January-June 2017, 4.34 billion manats were invested in Azerbaijan’s oil and gas sector, as compared to 4.45 billion manats in the same period of 2016 (2.4 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 4.76 billion manats, which is by 7.7 percent less than in January-June 2016.

Some 4.31 billion manats out of that volume were invested in Azerbaijan’s extractive industry in January-June 2017, which is by 12.5 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 172.1 million manats in January-June 2017 that is by 85.6 percent more than in the same period of 2016.

(1.7022 AZN = 1 USD on July 18)

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