The investments in the Azerbaijani oil sector are growing.
Edited by Rhod Mackenzie / 2014-03-26 06:21:18
In the two months since the beginning of the year 775 million manat were invested into the oil sector, which is 9.6 percent more than in January - February 2013, the report of the State Statistics Committee states. The total volume of capital investments in the industrial sector for a specified period totaled 886.7 million manat.
In 2013, over 4.82 billion manat were invested into the oil sector, which is 24.2 percent more than in 2012.
This year's investment will increase significantly as it enters the second stage of the project development of the"Shah Deniz" field. Sound investments will be made in the "Azeri – Chirag - Gyuneshli" project to keep oil production there at a stable level.
