Azerbaijan's Azneftmash company to increase production of drilling equipment
BAKU, Azerbaijan, March 16
By Matanat Nasibova - Trend:
Azneftmash OJSC, a leading Azerbaijani company engaged in the production of drilling equipment for the oil and gas sector, plans to increase production in 2020, a source in the company Trend.
According to the source, it is planned to increase production by 20-25 percent.
The source noted that the company produces equipment for oil rigs, rocking machines with a lifting capacity of three to eight tons, lifting rigs, mobile drilling rigs, as well as drilling rigs with parameters from 50 to 170 tons.
The company plans to establish export of production equipment abroad. By the end of 2020, it is also planned to purchase new types of equipment abroad, the source said.
Azneftmash OJSC has been operating in Azerbaijan for more than 20 years.
Azneftmash has factories in Azerbaijan’s Mingachevir and Baku cities, which currently operate at full capacity, covering the entire technological process of production.
The production volumes mainly depend on orders received both domestically and from abroad, the company said.