TODAY.AZ / Business

Azerbaijan's investment in oil sector nears $5 billion

25 January 2014 [09:45] - TODAY.AZ
Over AZN 4.82 billion was invested in Azerbaijan`s oil sector in 2013, that is by 24.2 per cent more than the indicator in 2012, the State Statistics Committee of Azerbaijan said in its report released on January 23.

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

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

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

Investments in production, distribution and supply of electricity, by gas and heat in 2013 constituted 390.5 million manats, that is by 31.5 per cent less than the indicator in 2012.


/AzerTAc/

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