The Azerbaijan State News Agency

ECONOMY

$97bn invested in Azerbaijan`s economy since 1995, President

07.06.2011 [22:07]
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Baku, June 7 (AZERTAC). President of Azerbaijan Ilham Aliyev has said a total of 97 billion US dollars has been invested in the country`s economy since 1995. The President spoke to the opening of the 18th International Caspian Oil and Gas, Refining & Petrochemicals Exhibition and Conference.

“$42bn of this amount was invested in the oil sector, and the major part of this is foreign investment.”

“The investment made in the oil sector considerably boosted the process of attracting funds to other sectors of our economy.”

The President said: “Today Azerbaijan is a totally self-sufficient country. Azerbaijan fully ensured its energy security, and moreover, we are increasing our role in ensuring energy security of other countries.”