OREANDA-NEWS. November 19, 2010. Over Jan-Oct 2010 investments in Azerbaijani oil sector totaled 32.3% of all capital investments in country’s economy against 27% in 2009 and 30.9% in 2008. This October, they totaled 35.1% of all investments.

The Azerbaijan State Statistics Committee (ASSC) informs that for Jan-Oct of the year it was invested AZN 2.28 bn in oil sector (USD 2.85 bn on average rate of AZN 0.8 to the US dollar), and AZN 4.78 bn in non-oil sector.

For Jan-Oct 2010 investments in oil sector increased by 36.9% and in non-oil sector by 6.6%. This October the share of investments in oil sector (AZN 311.7 million) declined to 35.1% of all investments for the past month (AZN 889.4 million), while the share of investments (AZN 577.7 million) in non-oil sector increased up to 64.9%.

Over Jan-Oct of the year overall investments in extracting sector totaled AZN 2.275 bn that is by 33.7% more versus Jan-Oct 2009. At that, total investments in industrial sector amounted to AZN 3.129 bn with growth by 26.4%, but only AZN 331.9 bn was invested in processing industry (+31.7%).

Investments in power and gas sectors totaled AZN 272.4 million (+16.1%), in water and waste utilization AZN 249 million (-13.1%), in transport, storage industry and mail AZN 1.614 bn (+2.8%), including AZN 1.6 bn (+2.7%) in transport, AZN 4.1 million (+29.1%) in postal service and AZN 94.1 million (-19.2%) in communications.

Investments in real estate operations made AZN 697.8 million (+2.8%), including in housing construction AZN 687.7 million (+21.4%). Having increased by 50.2%, investments in agriculture totaled AZN 342.2 million.

Investments in construction sector made AZN 117.9 million (+3.9 fold) and in trade AZN 194.5 million (+3.2%).

Overall investments in country’s economy for Jan-Oct 2010 amounted to AZN 7.057 bn (+14.8%).