Investments in Azerbaijan’s oil, gas sector up in 2020

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By Ayya Lmahamad The volume of investments in Azerbaijan’s oil and gas sector increased by 0.3 percent in 2020, the State Statistics Committee has reported. However, investments in the non-oil and gas sector in the country decreased by 12.3 percent during the reported period. Moreover, AZN 17 billion ($9.9bn) was directed to fixed assets, which is by 8.3 percent less than in 2019. Of this, AZN 11.1 billion ($6.5bn) or 65.6 percent was spent on production areas, AZN 4.4 billion ($2.5bn) or 26.4 percent on service areas and AZN 1.3 billion ($764.7M) or 8 percent on the construction of residentia…

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