Mikayil Jabbarov: U.S. ranks 2nd largest investor in Azerbaijan


May 21, Fineko/abc.az. Together with the Azerbaijan Export & Investment Promotion Foundation (AZPROMO) and the American Chamber of Commerce in Azerbaijan (AmCham Azerbaycan) held a meeting in the format of a videoconference.

ABC.AZ reports that speaking at Ministry of Economy’s press service Economy Minister Mikayil Jabbarov noted that 257 American companies are operating in various sectors of the economy of Azerbaijan, including industry, agriculture, construction, and services.

"The volume of US investments in Azerbaijan in the oil and gas sector of the economy amounted to $12.8 billion and reached a total of $14 billion. Thus, the U.S. is the second largest investor in Azerbaijan," Jabbarov emphasized.