Baku, Azerbaijan, June 16
By Maksim Tsurkov – Trend:
In January-May 2018, over 2.35 billion manats were invested in Azerbaijan’s oil and gas sector as compared to 3.66 billion manats in January-May 2017 (decrease by 35.8 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 2.98 billion manats that is 27.9 percent less than in January-May 2017.
Thus, 2.28 billion manats out of this amount were invested in the country’s mining industry in January-May 2018, that is 39.3 percent less than in January-May 2017.
Meanwhile, investments in production, distribution and supply of electricity, gas and heating amounted to 143.9 million manats in January-May 2018 that is 6.3 percent more than in January-May 2017.
(1.7 AZN = 1 USD on June 16)
--
Follow the author on Twitter: @MTsurkovTrend