The structure of investment - oil sector
Investment in oil and gas sector in 2012 amounted to 33 648 million manat and 23.8% was the proportion of it ahead of all other sectors of the economy in terms of investment.
According to the committee, public investment in the transport sector in 2012, including foreign loans amounted to 2 581 million manat (1.4%). The share of transport in the structure of investments was 16.9%.
Further, in the structure of investment comes housing with 9.1%, where in 2012 the government and the private sector (including the public) invested 1.395 bn (47.5%).
In the processing industry there was invested 706 million manat. This is 18% less than in 2011. - 08B-
Economics
-
Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
-
According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
-
The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
-
"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
Leave a review