Bank Of Baku

Volume of direct investments attracted in the oil and gas sector of Azerbaijan announced

Volume of direct investments attracted in the oil and gas sector of Azerbaijan announced
# 14 June 2021 15:17 (UTC +04:00)

The total amount of foreign investments in the form of direct investments attracted to Azerbaijan in the first quarter of this year amounted to $ 1,401 billion. This is 17,9% more compared to the same period of the previous year, APA-Economics reports citing information of Central Bank.

USD 1 249,6 mln of directed investments have been directed to the oil-gas sector. This makes up 89,2% of the total investments.

Note that 951,1 mln dollars of direct investment has been directed to the oil-gas sector in Azerbaijan at the same term of 2020, and this makes up 80% of the total investments.

So, the volume of the direct investments attracted to the oil-gas sector in the first term of this year has increased by 31,4%, and the share of the oil-gas direct investments in the total direct investments has increased by 9,2 percentage point.

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