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Investments in Azerbaijan’s oil, gas sector up

Oil&Gas Materials 15 August 2017 18:16 (UTC +04:00)

Baku, Azerbaijan, Aug. 15

By Maksim Tsurkov – Trend:

In January-July 2017, 5.395 billion manats were invested in Azerbaijan’s oil and gas sector, as compared to 5.15 billion manats in the same period of 2016 (4.7 percent increase), the Azerbaijani State Statistical Committee said in a report.

During the reporting period, the total volume of investments in Azerbaijani industrial sector amounted to about 5.9 billion manats, which is by 1.8 percent less than in January-July 2016.

Some 5.36 billion manats out of that volume were invested in Azerbaijan’s extractive industry in January-July 2017, which is by 5.5 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 196.6 million manats in January-July 2017 that is by 71.4 percent more than in the same period of 2016.

(1.7007 AZN = 1 USD on Aug. 15)

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