ECONOMY


About AZN 5.3 billion directed to oil sector in eleven months of 2018

Baku, December 20, AZERTAC

In January-November of 2018, the government of Azerbaijan has directed about 5 billion 333.2 million manats to the oil sector of the country, according to the State Statistic Committee.

According to the committee, in the 11 months of this year, the oil sector produced over 30 billion 818 million manats worth production.

Production in the oil sector of industry increased by 0.3 percent compared to the same period last year. 73.4% of industrial production was produced in the mining sector.

In November, producer prices of industrial products declined by 10.3 percent compared to the previous month, including 20.1 percent in the mining industry.

As of November 1, 2018, about 33.9 thousand people were employed in the oil sector of the economy.

In January-October, the nominal wages in the oil sector totaled 3,149 manats.

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