Direct investments in Azerbaijani oil sector total $726 million

From January to March 2010, investments in Azerbaijani oil sector totaled only 35.5% of all capital investments in country’s economics against 27%  in 2009 and 30.9% in 2008. In March, the figure was 37.6% of all investments.

The Azerbaijan State Statistics Committee (ASSC) informed that in January to March, 2010,  AZN 580.8 million was invested in oil sector ($726 million on average rate of AZN 0.8 to the US dollar), and AZN 1.056 bn - in non-oil sector.

In January to March, investments in oil sector increased by 43.8%, and in non-oil sector – reduced by 8.7%. In March, the share of investments in oil sector increased to 37.6% of all investments for the past month (AZN 560.1 million), while the share of investments in non-oil sector reduced to 62.4%.

In January to March, overall investments in extracting sector totaled AZN 577.9 million that is by 45.4% more versus in January to March, 2009. At the same time, total investments in industrial sector made AZN 727.3 million with growth by 29%, but only AZN 32.1 million was invested in processing industry (-24.5%).


/Abc.az/