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Investments in Azerbaijan’s oil & gas sector down

Oil&Gas Materials 22 February 2018 18:11 (UTC +04:00)

Baku, Azerbaijan, Feb. 22

By Maksim Tsurkov – Trend:

In January 2018, 597.6 million manats were invested in Azerbaijan’s oil and gas sector as compared to 751.5 million manats in January 2017 (decrease by 20.5 percent), said the country’s State Statistics Committee in a report.

During the reporting period, total volume of investments in Azerbaijan’s industrial sector amounted to 636.2 million manats in January 2018 that is 23.8 percent less than in January 2017.

Thus, 585.3 million manats out of this amount were invested in the country’s mining industry in January 2018 that is 26.6 percent less than in January 2017.

Meanwhile, investments in production, distribution and supply of electricity, gas and heating amounted to 4 million manats in January 2018 that is 65.5 percent less than in January 2017.

(1.7001 AZN = 1 USD on Feb. 22)

Follow the author on Twitter: @MaksimTsurkov

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