About AZN 25 bln. to be invested in Azerbaijan's oil and gas sector over the next four years

About AZN 25 bln. to be invested in Azerbaijan
# 23 December 2020 16:57 (UTC +04:00)

The volume of investments in the oil and gas sector in Azerbaijan in 2022 will reach AZN 6 942,6 mln. This is 10.5% more than the forecast for 2021, APA-Economics reports citing budget package.

In 2021, the volume of investments is expected to be AZN 6 731,6 mln.

Despite this increase, investment in the oil and gas sector will decline in 2023-2024.

Thus, in 2023, this figure will amount to AZN 5 965,9 mln, and in 2024 – AZN 5 035,4 mln. And this is a decrease of 11,4% and 25,2%, respectively, compared to the forecast for 2021.

As it can be seen, Azerbaijan is expected to invest AZN 24 675,5 mln. in the oil and gas sector in 2021-2024.

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