Baku, Azerbaijan, June 10
By Zulfiyya Gurbanova - Trend:
The total amount of foreign direct investments in Azerbaijan's economy amounted to $1.9 billion in the first quarter of 2014, the balance of payments posted on the website of Azerbaijan's Central Bank (CBA) said on June 10.
The share of the oil and gas sector in the structure of these investments is 86.3 percent.
These investments were used to finance huge oil and gas projects, primarily the BP Exploration (Shah Deniz) Ltd. project and the work provided by Azerbaijan International Operating Company (AIOC) in the Azeri-Chirag-Guneshli block of fields.
The volume of direct investments to the non-oil sector stood at $261.1 million, which accounted for 13.7 percent of the foreign direct investments attracted in the first quarter of 2014, according to the CBA estimates.
