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Investments in Azerbaijan’s oil & gas sector down

Oil&Gas Materials 24 March 2018 12:43 (UTC +04:00)

Baku, Azerbaijan, March 24

By Maksim Tsurkov – Trend:

In January-February 2018, 1.008 billion manats were invested in Azerbaijan’s oil and gas sector as compared to 1.503 billion manats in January-February 2017 (decrease by 32.9 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 1.14 billion manats in January-February 2018 that is 29 percent less than in January-February 2017.

Thus, 983.5 million manats out of this amount were invested in the country’s mining industry in January-February 2018 that is 34.1 percent less than in January-February 2017.

Meanwhile, investments in production, distribution and supply of electricity, gas and heating amounted to 22.3 million manats in January-February 2018 that is 28.5 percent less than in January-February 2017.

(1.7 AZN = 1 USD on March 24)

Follow the author on Twitter: @MaksimTsurkov

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