OREANDA-NEWS. April 18, 2012. Over March investments in the oil sector of Azerbaijan turned out two-fold lower than investments in other sectors: they made up 30.4% of all capital investments in country’s economy and the other sectors got 69.6% of all investments. As a result, for Jan-March 2012 the oil sector raised 36.2% of all investments and other economy 63.8%.

In 2011 investments in oil sector of Azerbaijan made up 23.2% of all capital investments in country’s economy against 30.3% in 2010, 27% in 2009 and 30.9% in 2008.

The State Statistics Committee (SSC) informs that for January-March  it was invested AZN 759.6 million in the oil sector (USD 962 million on average rate of AZN 0.79 to the US dollar) that is by 24.4% more against the 2011 same term and AZN 1.339 bn in the non-oil sector (+12.4%). This March investments in the oil sector reached AZN 274.8 million versus AZN 254.5 million in February and AZN 230.3 million in January.

Overall investments in extracting sector totaled AZN 752.2 million for Jan-March 2012 that is by 25.5% more versus the 2011 same term. At that, total investments in industrial sector amounted to AZN 851.5 million with rise of 2.6%, but only AZN 38.8 million was invested in processing industry (-78.8%).

Investments in power and gas sectors totaled AZN 50.1 million (+1.82 fold), water and waste utilization AZN 10.4 million (-48 %), in transport, storage industry and mail- AZN 444.3 million (+1.38 fold), including AZN 442.3 million (+1.37 fold) in transport, AZN 2 million in mail, AZN 84.9 million (+2.5 fold) in communications.

Investments in real estate operations reached AZN 131.9 million (-43.3%), including in housing construction AZN 128.2 million (-44%).  Investments in agriculture totaled AZN 97.5 million (+1.84 fold), construction sector AZN 40.7 million (+6 fold) and in trade sector AZN 27.2 million (-69.6%).

Overall investments in country’s economy for Jan-March 2012 amounted to AZN 2.099 bn (+16.5%).