Production by chemical company reached 83bn manats

Oil&Gas Materials 21 December 2005 12:57 (UTC +04:00)

From January to November Azneftkimyamas Joint Stock Company (JSC) produced oil field and geological-exploration equipment, instruments, spare parts for them, industrial and scientific-technical services for 83bn manats or 7.5% more as compared 2004, the Company told Trend.

Azneftkimyamas was established at the 22 March 2001 President’s decree. It includes 14 machine-building plants, 4 scientific-research and design-constructor institutes.

The Company noted that over this period the volume of the production of the Sattarkhan machine-building plant comprised 13bn manats, the Surakhani machine-building plant вЂ" 11.2bn manats, the Sabunchi scientific-production association (NGO) вЂ" 10.2bn manats, the Baki Fehlesi machine-building plant вЂ" 10.1bn manats, the Baku machine-building plant - 7bn manats, Sardarov plant - 5.7bn manats.

In 2004 Azneftkimyamas output products with the total amount of 85bn manats, or 8bn more than previous year.

According to the National Bank of Azerbaijan, as of 21 December 2005 official rate of US dollar was 4594 manats.