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Azerbaijan announces direct foreign investments in oil & gas sector in 2017

Oil&Gas Materials 26 May 2018 14:58 (UTC +04:00)

Baku, Azerbaijan, May 26

By Maksim Tsurkov - Trend:

In 2017, the direct foreign investments to Azerbaijan's oil and gas sector amounted to $4.9 billion against $5.62 billion in 2016 (a 12.8 percent reduction), reads the "Azerbaijan in Figures 2018", published by the State Statistical Committee.

The total foreign investments to Azerbaijan last year amounted to $9.12 billion, which is 10.2 percent less than in 2016.

Meanwhile, $5.71 billion fell on direct investments.

Also last year, Azerbaijan received $1.4 million as oil bonuses.

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