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Azerbaijan reports 36% drop in oil sector FDI

Azerbaijan reports 36% drop in oil sector FDI

24 August 2009 16:08 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. Azerbaijan a total sum of investment of $1 970.7 million in the economy during the first half of 2009, said the State Statistical Committee.

Of this, $1.4 billion or 71.6% came as direct investments and $559.1 million as loans and other financing facilities.

Foreign direct investment in the oil and gas sector plunged by 35.5% year-on-year in value and accounted for 75.2% of the total direct investments.

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