...

Investments in Azerbaijan's oil, gas sector grow significantly

Oil&Gas Materials 18 August 2020 19:47 (UTC +04:00)

BAKU, Azerbaijan, Aug. 18

By Nargiz Ismayilova – Trend:

As much as 3.4 million manat ($2 million) were invested in Azerbaijan’s oil and gas sector from January through July 2020, which is 25.9 percent more compared to the same period of 2019, Trend reports citing the State Statistical Committee of Azerbaijan.

Comparative table of funds directed as investments in fixed assets in the oil and gas sector:

From Jan. through July 2020

From Jan. through July 2019

January

475.2 million manat ($279.5 million)

362 million manat ($212.9 million)

February

462.3 million manat ($271.9 million)

358.9 million manat ($211.7 million)

March

505.1 million manat ($297.1 million)

373.9 million manat ($219.9 million)

April

364.1 million manat ($214.1 million)

422.4 million manat ($248.4 million)

May

494.5 million manat ($290.8 million)

399.5 million manat ($235 million)

June

477.2 million manat ($280.7 million)

442.2 million manat ($260.1 million)

July

646.4 million manat ($380.2 million)

418.5 million manat ($246.1 million)

In 2019, the volume of investments in the oil and gas sector amounted to almost 6 billion manat ($3.5 billion).

(1 USD = 1.7 manat on Aug. 18)

---

Follow the author on Twitter: @IsmailovaNargis

Tags:
Latest

Latest