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Investments in Azerbaijan’s oil and gas sector increase by over 28 percent

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statistik-eyri

Around 4.41 billion AZN was invested in Azerbaijan’s oil and gas sector in Jan.-Sept. 2014, which is 28.2 percent more than in the same period of 2013, the country’s State Statistical Committee said in its report for the first nine months of 2014.

Over 4.82 billion AZN was invested in the country’s oil and gas sector in 2013, which is 24.2 percent more than in 2012.

The total volume of capital investments In Azerbaijan’s industrial sector amounted to 5.35 billion AZN in Jan.-Sept. 2014, which is 5.4 percent more than in the same period of 2013, according to the report.

Some 4.4 billion AZN of this volume was invested in the mining industry during the reporting period, which is 27.5 percent more than in Jan.-Sept. 2013.

The total volume of capital investments in Azerbaijan’s industrial sector stood at 7.08 billion AZN in 2013, which is 16.4 percent more than in 2012. Around 4.7 billion AZN of this volume was invested in the mining industry, which is 20.6 percent more than in 2012.

The investments in the production, distribution and supply of electricity, gas and heat amounted to 197.1 million AZN in Jan.-Sept. 2014, which is 7.6 percent less than in the same period of 2013.

This is while the investments in the production, distribution and supply of electricity, gas and heat amounted to 390.5 million AZN in 2013, which is 31.5 percent less than in 2012.

The official exchange rate on Oct. 17 is 0.7843 AZN/USD.

 

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