UK invests $35 billion in Azerbaijan during 1995-2023

UK invests $35 billion in Azerbaijan during 1995-2023
# 07 December 2023 11:00 (UTC +04:00)

Great Britain has invested 35 billion dollars in Azerbaijan during 1995-2023 (the first 6 months), stated by Energy Minister of Azerbaijan Parviz Shahbazov at the 6th meeting of the Joint Intergovernmental Commission on economic cooperation between the Government of the Republic of Azerbaijan and the Government of the United Kingdom of Great Britain and Northern Ireland, APA-Economics.

According to him, 32 billion dollars of the investments fell to the share of the oil and gas sector.

The minister also noted that during the mentioned period, Azerbaijan invested 2 billion dollars in Great Britain.

Parviz Shahbazov also added that during the first 10 months of this year, the trade turnover between Azerbaijan and Great Britain amounted to 734 million dollars. In 2022, this indicator was 1 billion dollars, which means an increase of 55.1% compared to the year.

The minister emphasized that there are ample opportunities for expansion of economic relations between the two countries.

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