Direct investments worth $3 made in Azerbaijan's economy
The total volume of foreign capital in the form of direct investments in Azerbaijan's economy amounted to $3 billion in first six months of 2013.
In its report on the balance of payments, the Central Bank of Azerbaijan (CBA) reported that the specific weight of the oil and gas sector stood at 84 percent in the volume of direct investments.
These investments were used to finance works on the territory of Azerbaijan, mainly in the works carried out in oil and gas projects by BP Exploration Ltd (Shah Deniz) and the Azerbaijan International Operating Company (AIOC) at Azeri-Chirag-Guneshli field.
The CBA reported that the volume of direct investments attracted to the non-oil sector amounted to $474.9 million, which accounted for 16 percent of the total volume of direct investment attracted into the country.
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