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OUTPUT BY ENTERPRISES OF AZNEFTKД°MYAMAS EXCEEDS $15M

Oil&Gas Materials 7 October 2005 14:00 (UTC +04:00)

In January вЂ" September of 2005 the enterprises of the Azneftkimyamas JSC produced oil, geology prospecting equipment for 69bn manats (over $15m), or 7.5% more as compared to 2004, the JSC told Trend.

In September 2005, the production volume indicator at the JSC enterprises reached 7bn manats ($1.5m).

The JSC’s most productive enterprises are the Sattarkhan machine-building plant, which produced goods for 10,5bn manats ($2.2m) last month, the Surakhani machine-building plant for 9,2 billion manats, the Sabunchi NPO (Oil producing union) вЂ" 8.3bn manats ($1.8), the “Baku fehlesi” machine-building factory вЂ" 8.7bn manats ($1.8m), Baku machine-building plant вЂ" 5.6bn manats ($1.2m).

Azneftkimyamas was funded on the base of the State Company Azneftkimyamas at the presidential decree dated 22 March 2001. The enterprise includes 14 machine-building plants, 4 scientific-research and constructor-design institute.

In general, in 2004 Azneftkimyamas produced products for 85bn manats (approximately $18m), while in 2003 it made up around 77bn manats (approx. $17m).

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