Azerbaijan sees increase in investments in oil sector

The volume of investments made in Azerbaijan’s oil sector in Jan.-March 2015 was 1.53 billion Azerbaijani manats, or 11.7 percent more than in the same period of 2014, Azerbaijani State Statistical Committee said in its report.

The official exchange rate on Apr.19 is 1.0507 AZN/USD.

The total volume of investments in Azerbaijan’s industrial sector in Jan.-March stood at 1.69 billion manats, or 16.6 percent more than in the same period of 2014, according to the report on Q1 of 2015.

During the reporting period, 1.53 billion manats of this sum was invested in the country’s mining industry, which is 20.8 percent more than in the same period of 2014.

The investments in the production, distribution and supply of electricity, gas and heat in Jan.-March totaled 23.9 million manats, or 63.7 percent less than in the same period of 2014.

/By Trend/