Investments in Azerbaijan’s oil & gas sector down
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