Volume of investments in Azerbaijan’s oil sector ups

Over February investments in the oil sector of Azerbaijan turned out two-fold larger than investments in other sectors: they made up 34.5% of all capital investments in country’s economy and the other sectors got 65.5% of all investments. As a result, for Jan-Feb 2012 the oil sector raised 40.5% of all investments and other economy 59.5%.

In 2011 investments in oil sector of Azerbaijan made up 23.2% of all capital investments in country’s economy against 30.3% in 2010, 27% in 2009 and 30.9% in 2008.

The State Statistics Committee (SSC) informs that for January and February it was invested AZN 484.8 million in the oil sector ($613 million on average rate of AZN 0.79 to the US dollar) that is by 23.5% more against the 2011 same term and AZN 711.6 million in the non-oil sector (-4.4%). This February investments in the oil sector reached AZN 254.5 million versus AZN 230.3 million in January.

Overall investments in extracting sector totaled AZN 479.4 million for Jan-Feb 2012 that is by 23.6% more versus the 2011 same term. At that, total investments in industrial sector amounted to AZN 540.3 million with rise of 6.2%, but only AZN 24.6 million was invested in processing industry (-85.3%).

Investments in power and gas sectors totaled AZN 29.6 million (+1.8 fold), water and waste utilization AZN 6.7 million (+1.4 fold), in transport, storage industry and mail- AZN 239.8 million (+8.6%), including AZN 238.2 million (+8.1%) in transport, AZN 1.6 million in mail, AZN 63.1 million (+2.2 fold) in communications.

Investments in real estate operations reached AZN 92.8 million (-27.4%), including in housing construction AZN 91.8 million (-25.5%).  Investments in agriculture totaled AZN 57.6 million (+1.75%), construction sector AZN 16.4 million (+28.7 fold) and in trade sector AZN 23.4 million (-38%).

Overall investments in country’s economy for Jan-Feb 2012 amounted to AZN 1.196 bn (+5.2%).

 
/abc.az/