Azerbaijan Increase Oil Field Equipment Production
Azerbaijan, Baku / Trend corr S. Babayeva / Azerbaijani petrochemical machine-building company Azneftkimyamash OJSC has produced oil field equipment and geological exploration equipment, tools and spare parts in the sum of AZN 29mln in 2007, an increase of 30% on the same period of 2006, the Chief Economist of the company, Nariman Boyukkishi, reported.
"It was possible by strengthening production," the chairman of the enterprise said.
According to Boyukkishi, the most productive enterprise in 2007 was the machine building plant of Sattarkhan, which produced machines to the amount of AZN 3.8mln. The production of the Baku Worker plant made up AZN 3.7mln, of Sabunchi oil-refinery, AZN 2.8mln, Baku Machine Building Plant at AZN 3.7mln, Surakhany Machine Building Plant at AZN 3mln and Zabrat machine-building plant at AZN 3.3mln.
The OJSC sold products worth AZN 28mln, an increase of 23%.
In 2008 production at Azneftkimyamash is forecast at over AZN 33.5mln.
Azneftkimyamash OJSC was established on the basis of the Azneftkimyamash state company by order of the President on 22 March, 2001. The company includes 14 machine-building plants and four scientific-research and design-construction institutions.