...

Investments in Azerbaijan’s oil & gas sector down

Oil&Gas Materials 18 January 2018 12:46 (UTC +04:00)

Baku, Azerbaijan, Jan. 18

By Maksim Tsurkov – Trend:

In 2017, 8.45 billion manats were invested in Azerbaijan’s oil and gas sector as compared to 8.62 billion manats in 2016 (decrease by 2 percent), said the country’s State Statistics Committee in a report.

During the period, total volume of investments in Azerbaijan’s industrial sector amounted to around 9.94 billion manats that is 4.2 percent less than in 2016.

Thus, 8.37 billion manats out of this amount were invested in the country’s mining industry that is 9.2 percent less than in 2016.

Meanwhile, investments in production, distribution and supply of electricity, gas and heating amounted to 563 million manats in 2017 that is 64.7 percent more than in 2016.

(1.7001 AZN = 1 USD on Jan. 18)

---

Follow the author on Twitter: @MaksimTsurkov

Latest

Latest