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Azerbaijani oil & gas sector sees more investments in 2020

Oil&Gas Materials 22 January 2021 05:01
Azerbaijani oil & gas sector sees more investments in 2020

BAKU, Azerbaijan, Jan. 22

By Fidan Babayeva - Trend:

The oil and gas sector of Azerbaijan received 5.9 billion manat ($3.4 billion) of investments in 2020, which is 9.2 percent more compared to 2019, Trend reports referring to the country's State Statistical Committee.

According to the committee, in 2020, the largest amount of investment was recorded in December - 689 million manat ($410.5 million), while the smallest was in April - 358.9 million manat ($211.1 million).

Comparative table of funds allocated for fixed assets in the oil and gas sector in 2020:

From January through December 2020

From January through December 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 ($211.1 million)

March

505.1 million manat ($297.1 million)

373.9 million manat ($219.9 million)

April

364.1 million manat ($214.18 million)

422.4 million manat ($248.47 million)

May

494.5 million manat ($290.88 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 ($246.18 million)

August

466.6 million manat ($274.47 million)

484.1 million manat ($284.76 million)

September

499.8 million manat ($294 million)

537.9 million manat ($316.4 million)

October

390.6 million manat ($229.76 million)

471.5 million manat ($277.3 million)

November

430.2 million manat ($253 million)

529.6 million manat ($311.5 million)

December

667.7 million manat ($392.76 million)

689 million manat ($405.3 million)

The volume of investments in Azerbaijan's oil and gas sector amounted to almost 6 billion manat ($3.5 billion) in 2019.

(1 USD = 1.7 AZN on Jan. 21)

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Follow the author on Twitter: @Fidan_Babaeva

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