Investments in Azerbaijan’s oil, gas sector increase

The volume of investments made in Azerbaijan’s oil sector stood at 5.35 billion Azerbaijani manats in Jan.-Sept. 2015, or 21.3 percent more than in the same period of 2014, according to the report from the country’s State Statistical Committee on the first nine months of 2015.

The official exchange rate on Oct.16 is 1.0473 AZN/USD.

During the reporting period, the total volume of investments in Azerbaijan’s industrial sector stood at 6.24 billion manats, or 19.4 percent more than in the same period of 2014, said the report.

Of these funds, 5.4 billion manats were invested in the mining industry in Jan.-Sept. 2015, which is 22.6 percent more than in the same period of 2014.

The investments in production, distribution and supply of electricity, gas and heat totaled 127.8 million manats in Jan.-Sept. 2015, or 43.5 percent less than in the same period of 2014.

/By Trend/