Mustafayev said that Azerbaijan has well-developed mutual investments with Turkey and Kazakhstan, so these ties should be developed with Kyrgyzstan as well.
“Azerbaijan has invested $8 billion in the Turkish economy, $6.7 billion of which accounted for such projects as the Petkim Petrochemical Complex, the Star Oil Refinery and the Trans-Anatolian Natural Gas Pipeline (TANAP), and the remaining $1.3 billion were allocated to other spheres,” the minister said. “I would like to note that we plan to bring the total volume of Azerbaijani investments in Turkey to $18-20 billion by 2020.”
In turn, Turkey invested $10 billion in Azerbaijan’s economy, $2.6 billion of which was invested in Azerbaijan’s non-oil sector, Mustafayev said.
“Turkey ranks first in terms of investments’ volume in Azerbaijan’s non-oil economy,” the minister said.
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