Roughly 5 bln manats invested in Azerbaijan's oil sector
By Aynur Jafarova
Over 4.82 billion manats were invested in Azerbaijan's oil sector in 2013, which is 24.2 percent more than in 2012, Azerbaijan's State Statistics Committee has said.
In its report released on January 23, the committee noted the total volume of capital investments in the industrial sector of Azerbaijan in 2013 constituted 7.08 billion manats which is 16.4 percent more than in 2012.
Around 4.7 billion manats of these funds was invested in extractive industry which is 20.6 percent more in 2012.
Investments in production, distribution and supply of electricity, by gas and heat in 2013 constituted 390.5 million manat, which is 31.5 percent less than in 2012.
The State Statistics Committee said earlier that Azerbaijan extracted 43.1 million tons of oil and gas condensate in 2013 compared to 42.98 million tons in 2012.
Gas production amounted to 17.9 billion cubic meters of tank gas in 2013 compared to 17.24 billion cubic meters in 2012.
The official exchange rate for January 24 is 0.7843 AZN/USD.