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Azneftkimyamash OJSC Output Nearly 12m AZN

Oil&Gas Materials 7 August 2006 15:05 (UTC +04:00)

Over the period of January-July 2006 Azneftkimyamash produced oil-field, geologist exploring equipment, tools and spare parts for them to the sum of about 12 m AZN, that on 11 per cent more than over the similar period in 2005, the company told Trend.

Azneftkimyamash OJSC was established on the base of the State Company of Azneftkimyamash by the decree of the President of Mart 22, 2001. The Joint Stock Company includes 14 engineering plants, 4 research, and research and development institutes.

Only over the July the total volume of the company`s output made up 2, 3 m AZN.

The company pointed out that over this period, in particular the output of the Sattarkhan Engineering Plant made up 15 m AZN, the Plant of Baki Fahlasi`s output was 1,6 m AZN, the Sabunchi Refinery Plant output was 1,4 m AZN, the Baku Engineering Plants` output made up 1m AZN, the Surakhani Engineering Plants` output was 1,5 m. AZN, the Sardarov Plant`s output was 950 thousand AZN, etc.

In 2006 Azneftkimyamash forecasts its output at the volume of 105 b AZN that on 15 b AZN more than over the similar period of 2005. In 2004 these figures made up 85 b AZN that on 8 b AZn more than over the similar period of 2003.

According to the National Bank of Azerbaijan, on August 8, 2006 the official rate of one $US made up 0,8878 AZN

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