Investments increase in Azerbaijan’s oil and gas sector

09:32 | 21.11.2016
Investments increase in Azerbaijan’s oil and gas sector

Investments increase in Azerbaijan’s oil and gas sector

About 7.91 billion manats were invested in Azerbaijan’s oil and gas sector in January-October 2016 compared to 5.91 billion manats in the same period of 2015, the country’s State Statistics Committee said in a report as of January-October 2016.

The total amount of capital investments in the country’s industrial sector totaled 7.95 billion manats in January-October 2016, which is by 14.2 percent less than in January-October 2015.

Some 7.14 billion manats of that amount were invested in Azerbaijan’s mining industry, which is by 12.8 percent less than in January-October 2015.

Investments in production, distribution and supply of electricity, gas and heat totaled 224.3 million manats in January-October 2016, which is by 33.9 percent more than in the same period of 2015.

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