New rig increases investment in Azerbaijan's oil sector

Thu 18 March 2010 15:38 GMT | 20:38 Local Time

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Investments in Azerbaijan's oil sector were up AZN 370m ($460.772m) in January and February this year, a 43.1% increase on the same period last year.

Investments in the oil sector accounted for 34.4% of all investments in the country’s economy, according to figures from the State Statistics Committee.

During the reporting period, investments in the non-oil sector were AZN 706.6m ($880.07m), a fall of 10.9% compared to last year.

Investment in the non-oil sector increased as a result of the start of work on the Chiraq Oil project to build an additional platform at the Azeri-Chirag-Guneshli offshore field.

Rufat Aliyev
News.Az

 

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