The volume of investments in Azerbaijan’s oil and gas sector decreased by 15.1 percent in January, the State Statistics Committee has reported.

The volume of investments in Azerbaijan's oil and gas sector increased by 0.3 percent in 2020, the State Statistics Committee has reported.

The volume of investments on Azerbaijan's oil and gas sector in Azerbaijan increased by 8.4 percent during the period of January-November 2020, the State Statistics Committee has reported.

The volume of investments into the oil and gas sector in Azerbaijan increased by 11.7 percent in January-October 2020, the State Statistics Committee has reported.

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.