BAKU, Azerbaijan, May 22
By Nargiz Ismayilova - Trend:
About 1.8 billion manat ($1.06 billion) was invested in the oil sector of Azerbaijan from January through April 2020, which is an increase of 16.02 percent compared to the same period in 2019, Trend reports citing the report of the State Statistical Committee.
Funds allocated as investments in fixed assets in oil sector:
|
January through April 2020 |
January through April 2019 |
|
|
Jan. |
475.2 million manat ($279.5 million) |
362 million manat ($212.9 million) |
|
Feb. |
462.3 million manat ($271.9 million) |
358.9 million manat ($211.1 million) |
|
Mar. |
505.1 million manat ($297.1 million) |
373.9 million manat ($219.9 million) |
|
Apr. |
364.1 million manat ($214.1 million) |
422.4 million manat ($248.4 million) |
The volume of investments in the Azerbaijani oil sector amounted to nearly 6 billion manat ($3.5 billion) in 2019.
(1 USD = 1.7 AZN on May 22)
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