Petróleos de Venezuela, once valued at $110 billion, is producing just half what it did before the strike, which ended in the non-oil sector last week after 63 days.
Our balance sheet is strong and we are looking carefully at further acquisitions in both the oil and non-oil sectors.
I am pleased to welcome, who is leading our development work in the non-oil sector, to the Main Board.
The real growth rate in the non-oil sector rose by 5.6% from 1995 to 1997.
However, extreme levels of corruption and nepotism in the state system created by Aliyev prevented Azerbaijan from more sustained development, especially in the non-oil sector.
Importantly, the non-oil sectors have grown at a faster pace than the oil sector, rising 8.7 percent and 12 percent in the first two quarters of this year.
Hedging against the risk of unexpected downward pressure has been another important driving force behind diversification to non-oil industrial and service sectors.
In November 2008, Edeoghon called on the federal government to increase investment in the non-oil sector.
In 2004 Dubai's GDP grew at a healthy 17% rate, mostly in the non-oil sectors.
Economic growth was also significant, both in the oil and non-oil sectors.