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Azerbaijan increases direct investments in oil-gas sector of foreign countries by 1.5 times

14 September 2012 08:30 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. The balance on direct investments made $ 244.5 mln in Q1, 2012. According to Central Bank, volume of direct investments from abroad stood at $ 2,496.8 mln, investments directed to abroad - $ 2,252.4 mln.

At the same time, positive balance in direct investments on oil-gas sector during Q1 made $ 2,044.8 mln, Azerbaijanâ€™s direct investments in oil-gas sector of foreign countries were $ 2,044.8 bln. Consequently, positive balance made $ 72.2 mln.

Note that, according to outcomes of Q1, 2011, direct investments in Azerbaijanâ€™s oil-gas sector stood at 29.1%, Azerbaijanâ€™s direct investments in oil-gas sector of foreign countries â€“ 50.3%.