The total volume of investments in Azerbaijan’s oil and gas sector has exceeded $75 billion since 1994, a source in the Azerbaijani state oil company SOCAR told Trend.
In 2016, $7.35 billion was invested in the country’s oil and gas sector, according to the source.
“As of Jan. 1, 2017, the total volume amounted to $74 billion, and it has already exceeded $75 billion as of today.”
Earlier, BP Vice President for the Southern Gas Corridor Joe Murphy said total investments by BP and partners in Azerbaijan’s oil and gas projects amount to $66 billion.
