Investment in Azerbaijan's oil sector up 24% last year

In 2013 over 4.82 billion manat was invested in Azerbaijan's oil sector, that is 24.2 per cent more than in 2012, the State Statistics Committee of Azerbaijan said on January 23. 

According to the report, in December 482.7 million manat was invested in the oil sector against 430.5 million manat invested in December 2012. 

In total, according to State Statistic Committee data, the total volume of capital investment in the industrial sector in Azerbaijan in 2013 constituted 7.08 billion manat, that is 16.4 per cent more than in 2012. 

Of these funds, about 4.7 billion manat was invested in extractive industry, that is 20.6 per cent more than in 2012.

ANN.Az