In this paper, we report a modified technique for the production of oriented continuous nanofibers instead of non-woven mats using a rapidly rotating collection device. We are interested in retaining physical properties such as electrical conductivity of fiber bundles in their axial direction. The experiments were performed using polyethylene oxide (PEO) and its blend with polyaniline (PANI). According to the results, a typical fiber with a uniform diameter of about 100 nanometer was produced. The fibers from the PEO/ CHCl$_3$ solution show high crystallinity and good orientation whereas the fibers from the blend solution of PEO/PANI/m-cresol and CHCl$_3$ show no preferred orientation. However, the fibers of the blend exhibit high electrical conductivity of 33 S/cm for a fiber bundle at a PANI level of 50 %.