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Investment volume in Azerbaijan's oil&gas sector greatly increases

Oil&Gas Materials 16 September 2020 14:31 (UTC +04:00)

BAKU, Azerbaijan, Sept. 16

By Fidan Babayeva – Trend:

Some 3.8 billion manats ($2.2 billion) was invested in the Azerbaijani oil and gas sector from January through August 2020, which is by 18.7 percent more compared to the same period of 2019, Trend reports on Sept. 16 referring to the Azerbaijani State Statistics Committee.

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

from January through August 2020

from January through August 2019

January

475.2 million manats ($279.5 million)

362 million manats ($212.9 million)

February

462.3 million manats ($271.9 million)

358.9 million manats ($211.1 million)

March

505.1 million manats ($297.1 million)

373.9 million manats ($219.9 million)

April

364.1 million manats ($214.2 million)

422.4 million manats ($248.5 million)

May

494.5 million manats ($290.9 million)

399.5 million manats ($235 million)

June

477.2 million manats ($280.7 million)

442.2 million manats ($260.1 million)

July

646.4 million manats ($380.2 million)

418.5 million manats ($246.2 million)

August

466.6 million manats ($274.5 million)

484.1 million manats ($284.8 million)

The investments worth almost six billion manats ($3.5 billion) were made in the Azerbaijani oil and gas sector in 2019.

(1 USD = 1.7 AZN on Sept. 16)

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