Russian oil equipment manufacturer plans to set up joint venture in Azerbaijan

By  Trend

Russian company INTES plans to set up joint venture in Azerbaijan on production of oil equipment, the general director of the company Yuri Bogachuk told Trend.

"We have plans on creation of joint production of our equipment and servicing from the name of our joint company with Azerbaijan. This will be an innovative production," he said.

Bogachuk noted that a control station based on the patent and developments of INTES will be produced in Azerbaijan.

In the future, it is planned to improve the export of the produced equipment, he said.

"Production of the equipment will be adjusted in a very short time. It is necessary to organize the production and hire local specialists and teach them to work with new equipment," he said.