Foreign enterprises and organizations directed AZN 3.3 billion ($1.9bn) to the fixed capital in Azerbaijan during the period of January-August 2020, local media reported with reference to the State Statistics Committee.

The volume of investments in Azerbaijan’s oil and gas sector increased by 19 percent during the period of January- August 2020, State Statistics Committee has reported.

The volume of investments in Azerbaijan's oil and gas sector increased by 22,9 percent in January-July in 2020, the State Statistics Committee reported on August 13.

Azerbaijan has invested significant funds in the Turkish Petkim petrochemical complex, owned by the State Oil Company of Azerbaijan (SOCAR), and this is yielding successful results, Trend reports citing the National Confederation of Entrepreneurs (Employers’) Organizations of Azerbaijan.

The State Oil Fund of Azerbaijan (SOFAZ) will invest $50 million in a real estate in the U.S., the Fund announced in its report for 2019.

Growing expectations of rising oil demand in the global economy lead to increase of Brent oil prices, which currently stand at $31 per barrel and can reach $40 per barrel, Trend reports citing the weekly review of Azerbaijan’s InvestAZ Investment Company CJSC.

The State Oil Fund of Azerbaijan (SOFAZ) has increased to 66 percent the share of assets in USD in the 1st quarter of 2020, the fund reported on 16 April.

Coronavirus, or COVID-19 could result in global exploration and production (E&P) investments falling by around $30 billion in 2020 – a significant hit to the industry, Trend reports citing Rystad Energy, an independent energy research and business intelligence company, based in Norway.

Azerbaijan and Uzbekistan are preparing mutual projects worth $355 million, the official website of the President of Uzbekistan reported.

French companies are ready to invest in Azerbaijan’s energy sector, French Ambassador Zacharie Gross said.