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20.09.2013 10:14

Direct investments in Azerbaijans oil sector increased by 1.16% in August

In August 2013 direct investments in the oil sector of Azerbaijan icreased by 1.16% against July 2013 and reached 25.2% of all investments, while other sectors received 74.8% of all investments. For Jan-Aug 2013 oil investments made up 29.3% of all investments and non-oil investments 70.7%. For comparison, in 2012 the oil sector raised 23.8% of all investments in countrys economy against 23.2% in 2011, 30.3% in 2010, 27% in 2009 and 30.9% in 2008.
The State Statistics Committee (SSC) informs that for Jan-Aug 2013 it was invested AZN 3.042 bn in the oil sector ($3.878 bn on average rate of AZN 0.7844 to the US dollar) that is by 32.6% more against Jan-Aug 2012. It is invested AZN 7.336 bn in the non-oil sector (+19%). In August non-oil investments reached AZN 1.181 bn against AZN 1.043 bn in July and AZN 1.194 bn in June (this years best indicator) and oil investments AZN 398.1 million agaist AZN 393.5 million and 405.1 million (their best level was registered in February AZN 472 million).
Over Jan-Aug 2013 overall investments in extracting sector totaled AZN 3.049 bn that is by 32.4% more versus Jan-Aug 2012. At that, total investments in industrial sector amounted to AZN 4.505 bn with rise of 42%, but only AZN 595.7 million was invested in processing industry (+78.5%).
Investments in power and gas sectors totaled AZN 213 million (+1.8%), water and waste utilization AZN 647.2 million (+97.4%), in transport, storage industry and mail AZN 2.165 bn. (+52.8%), including AZN 2.160 million (+53.2%) in transport, AZN 5.5 million in mail (-19%), AZN 101.9 million (-51.4%) in communications. Investments in real estate operations reached AZN 786.8 million (zero increase), including in housing construction AZN 780 million (0.2%). Investments in agriculture totaled AZN 408 million (+2%), construction sector AZN 314.7 million (+29.4%) and in trade sector AZN 90.1 million (-43.5%).
Overall investments in countrys economy for Jan-Aug 2013 amounted to AZN 10.378 bn (+22.7%).

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