Production of Oil Field Equipment in Azerbaijan Increase
Azerbaijan, Baku / Trend corr S.Babayeva / Nariman Boyukkishi, Senior Economist of Azneftkimyamash Open-Type Joint Stock Company, reported that in January to April 2007 Azneftkimyamash produced oil field and geological-exploration equipment, instruments and spare parts in the amount of AZN 8.9mln, an increase of 50.3% against the same period of 2006
Boyukkishi said that the Sattarkhan machine building plant has been the most productive enterprise during this period. Despite releasing some of its workshops, the plant manufactured output worth AZN 1.5mln
Production by Baki Fehlesi Plant totalled AZN 1.2mln, Sabunchi AZN 900,000, Baku machine-building plant AZN 815,000 and Surakhani Machine-Building Plant AZN 900,000.
Since the beginning of the year the cost of products sold by Azneftkimyamash has totaled AZN 5mln. The gods were mainly sold to the SOCAR, companies of Russia, Kazakhstan, Uzbekistan, Ukraine, Turkmenistan and Poland. In 2007 the production is forecasted to be AZN 25mln.
Azneftkimyamash was established from Azneftkimyamas State Company in compliance with the Presidential Decree dated 22 March 2001. The company includes 14 machine-building plants, 4 scientific research and development institutes.