Over January to October 2006, Azneftkimyamash OJSC has produced an oil field, geological exploratory equipment, tools and spare parts at a total of AZN 18.5 mln, that is on 22% more than the corresponding period of last year, the Company informed Trend. The forecast was over-extended by 107.5%. The volume of production by enterprises since the beginning of the year exceeded the volume of production for last year.
Azneftkimyamash OJSC was established on the basis of the State Company Azneftkimyamas by a decree of the Azerbaijani President of 22 March, 2001. Fourteen engineering plants comprised of the Open Joint Stock Company.
The Company pointed out that during this period in particular, the output of the Sattarkhan Engineering Plant was AZN 2.9mln, Baki Fahlasi`s output was about AZN 2.3mln, Sabunchi Scientific Production Association was AZN 2.1 mln, Baku Machinery Works was AZN 1.6 mln, Surakhani Engineering Plant was 2.2 AZN mln and the Sardarov Plant was AZN 1.4 mln.
In 2006, the output of Azneftkimyamash is expected to be at a level of AZN 21 mln.
