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Oil sector gets almost 90% of foreign investments

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Oil sector gets almost 90% of foreign investments

According to the central bank, 88,2% of the 5,7 bln. USD invested in Azerbaijan’s economy went to oil sector.

Investments have fallen on 1,72% compared to January-September 2014 when the investments reached 5,8 bln. USD.

The investments were mostly directed for major oil and gas projects, like those of BP Exploration in Shah Deniz and Azerbaijan International Operating Company (AIOC) in Azeri-Chirag-Guneshli.

Non-oil sector received 678 mln. USD or 11,8% of total foreign investments, which means it has reduced on 20,7% in comparison with the same period last year when it have constituted 855 mln. USD.

Date
2016.08.10 / 12:15
Author
Axar.az
See also

Azeri light crude rises to $122.7

Gold and silver production declines in Azerbaijan

Brent climbs above $118 per barrel

Switzerland’s FDI in Azerbaijan hits significant milestone

Oil prices continue to fall

Azerbaijan’s oil exports reach 3.6M tons in two months

Azerbaijan-US remittances rise sharply in 2025

Azerbaijan’s natural gas exports increase by 5%

Gold futures rise in commodity markets

Oil prices fall in global markets

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