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Azerbaijan announces 1Q2021 investments in oil, gas sector

Oil&Gas Materials 19 April 2021 11:28 (UTC +04:00)
Azerbaijan announces 1Q2021 investments in oil, gas sector

BAKU, Azerbaijan, Apr.19

By Fidan Babayeva – Trend:

Around 1.35 billion manat ($794 million) was invested in the oil and gas sector of Azerbaijan from January through March 2021, which is 6.2 percent less compared to the same period of 2020, Trend reports citing a report of the State Statistical Committee of Azerbaijan.

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

1Q2021

1Q2020

January

404.1 million manat ($237.7 million)

475.2 million manat ($279.5 million)

February

408.9 million manat ($240.5 million)

462.3 million manat ($271.9 million)

March

542.7 million manat ($312.9 million)

505.1 million manat ($297.1 million)

In 2020, Azerbaijan invested 5.9 billion manat ($3.47 billion) in the oil and gas sector, which is 9.2 percent more compared to 2019.

(1 USD = 1.7 AZN on Apr.19)

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