During 2013 Azerbaijan oil and gas industry attracted over 82% of entire foreign investments
During 2013 foreign investments into Azerbaijan’s economy totaled $6.3 billion, where share of the oil and gas industry constituted 82.4%, reads the payment balance of the country for fiscal year 2013 posted on the web site of the Central Bank of Azerbaijan.
CB mentioned in its report that the investments in the oil and gas industry have been mainly spent for development of the Azeri-Chirag-Guneshli (ACG) offshore fields (operated by BP) and gas condensate field Shah Deniz (operated by BP).
The payment balance also mentioned that in 2013 $1,108 billion was invested into the non-oil sector of Azerbaijan, which constituted 17.6% of all foreign investments.—0—
Economics
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