Abstract
The demand for some oil mining equipment in the country is met by the activities of open joint-stock companies with an oil mechanical engineering profile. Such enterprises include: Baku Steel Ropes OJSC, Baku Oil Mining Equipment OJSC, Neftgazmash OJSC. For the successful solution of many economic and social problems in the country, it is important to increase labor productivity, the production of quality products, in short, improve the efficiency of all social production. In modern times, the increase in production efficiency in the country's economy is due to a number of reasons. First, a very wide economic and scientific-technical potential has been created in the country. A slight deviation from this potential means a large loss. Improving the use of individual resources allows for greater economic gai