HC Deb 28 March 2000 vol 347 c106W
Mr. Cohen

To ask the Secretary of State for Trade and Industry if he will estimate the value of British investments in Azerbaijan in(a) oil and gas extraction, (b) oil and gas transport, (c) oil and gas support services, (d) hotels and leisure, (e) banking, (f) service industries, (g) manufacturing, (h) retail sales, (i) telecommunications, (j) construction and (k) agriculture. [115558]

Mr. Caborn

The exact figures are not available but our Embassy in Baku have estimated that the total amount of UK investment in Baku is around $1 billion. This represents money actually spent by UK companies like BP Amoco in the country on design or engineering work to date. The breakdown is as follows:

$
(a) oil and gas extraction 755 million
(b) oil and gas transport 210 million
(c) oil and gas support services 25 million
(d) hotels and leisure 1 million
(e) banking 2 million
(f) service industries 2 million
(g) manufacturing 0
(h) retail sales 500 thousand
(i) telecommunications 2 million
(j) construction 2 million
(k) agriculture 500 thousand
Total 1 billion