Investment in Azerbaijan Oil Sector Grows 33%

August 19, 2013

From January to July 2013, over 2.64 billion manat (about $3.38 billion) were invested in the oil sector in Azerbaijan. This is 33.1% higher than in the same period in 2012.

According to the Azeri news outlet Trend, a government report shows that 393.5 million manat was invested in July 2013, compared to 274 million in July 2012.

Investments in the production of electricity, gas and heat from January to July was 195.8 million manat, 1.8% less than in the same period in 2012.

The total sum of capital investments in Azerbaijan's industrial sector from January to July 2013 was 3.96 billion manat, 43.7% higher than in the same period in 2012.

Copyright 2013, Terminal.