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11M2020 investments in Azerbaijan's oil & gas sector edge up

Oil&Gas Materials 17 December 2020 13:56 (UTC +04:00)
11M2020 investments in Azerbaijan's oil & gas sector edge up

BAKU, Azerbaijan, Dec. 17

By Fidan Babayeva – Trend:

Over 5.2 billion manat ($3 billion) was invested in the Azerbaijani oil and gas sector from January through November 2020, which is 8.5 percent more than in the same period of 2019, Trend reports referring to the report of the Azerbaijani State Statistical Committee.

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

From Jan. through Nov. 2020

From Jan. through Nov. 2019

January

475.2 million manat ($279.5 million)

362.0 million manat ($212.9 million)

February

462.3 million manat ($271.9 million)

358.9 million manat ($211.1 million)

March

505.1 million manat ($297.1 million)

373.9 million manat ($219.9 million)

April

364.1 million manat ($214.2 million)

422.4 million manat ($248.5 million)

May

494.5 million manat ($290.9 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 ($246.2 million)

August

466.6 million manat ($274.5 million)

484.1 million manat ($284.8 million)

September

499.8 million manat ($294 million)

537.9 million manat ($316.4 million)

October

390.6 million manat ($229.8 million)

471.5 million manat ($277.3 million)

November

430.2 million manat ($253 million)

36.6 million manat ($21.5 million)

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

(1 USD = 1.7 AZN on Dec. 17)

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Follow the author on Twitter: @Fidan_Babaeva

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