OREANDA-NEWS. January 21, 2011. Over 2010 investments in Azerbaijani oil sector made up 30.3% of all capital investments in country’s economy against 27% in 2009 and 30.9% in 2008. In December 2010 they totaled 23.6% of all investments.

The Azerbaijan State Statistics Committee (ASSC) informs that for 2010 it was invested AZN 2.947 bn in oil sector (USD 3.68 bn on average rate of AZN 0.8 to the US dollar), and AZN 6.767 bn in non-oil sector.

Last year investments in oil sector increased by 38% and in non-oil sector by 15.1%.

Following December the share of investments in oil sector (AZN 474.1 million) declined to 23.6% of all investments for the past month (AZN 2 bn), while the share of investments (AZN 1.536 bn) in non-oil sector increased up to 76.4%.

Overall investments in extracting sector totaled AZN 2.939 bn in 2010 that is by 35.6% more versus 2009. At that, total investments in industrial sector amounted to AZN 4.1 bn with growth by 23.4%, but only AZN 462.9 bn was invested in processing industry (+25.9%).

Investments in power and gas sectors totaled AZN 359.9 million (-23%), in water and waste utilization AZN 368.7 million (+7%), in transport, storage industry and mail AZN 2.39 bn (+34.4%), including AZN 2.38 bn (+34.3%) in transport, AZN 14.3 million (+49.6%) in postal service and AZN 171.5 million (+17.5%) in communications.

Investments in real estate operations made AZN 919.7 million (+4.1%), including in housing construction AZN 906.1 million (+34.2%). Having increased by 59.6%, investments in agriculture totaled AZN 441.9 million.

Investments in construction sector made AZN 148.6 million (+4.7 fold) and in trade AZN 237 million (-2.7%).

Overall investments in country’s economy for 2010 amounted to AZN 9.715 bn (+21.2%).