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PRODUCTION BY CHEMICAL COMPANY REACHES $10M

Oil&Gas Materials 6 July 2005 17:40 (UTC +04:00)

In January to June of 2005 the production by Azneftkimyamas Joint Stock Company grew 10.2% as compared to 2004. In this period the enterprises of Azneftkimyamas produced oil field and geological-exploration equipment, instruments, spare parts for them, industrial and scientific-technical services for 46bn manats ($9.8m).

In June the output by the enterprises of the company reached the highest point at 8.2bn manats (approx $1.7m), including the products shipped in the amount of 8.5bn manats ($1.8m).

The most productive enterprises of the company were Sattarkhan machine-building plant, which produced goods for 7.5bn manats ($1.5m) since the beginning of the year, Surakhani machine-building plant вЂ" 6.2bn manats ($1.3m), Sabunchi scientific-production association (NGO) вЂ" 5.6bn manats ($1.1m), Baki Fehlesi machine-building plant вЂ" 5.8bn manats ($1.2m), Baku machine-building plant вЂ" 3.6bn manats (approx $765,000)

In 2004 output by Azneftkimyamas JSC, which includes 14 machine-building plants, 4 scientific-research and design-constructor institutes, made up 85bn manats (approx $18m), in 2003 вЂ" approximately 77bn manats (approx $17m).

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