Theories of Petroleum Contracts from Perspective of International Arbitration Verdicts

In the second half of the 21st century, stakeholders of the petroleum industry established international arbitration precedents, which gave birth to important verdicts and legal principles in international law. These precedents have played a key role in resolving disputes. According to the analytical and explanatory review of theories and verdicts of international arbitration regarding the rules of different countries through desk methods, online documents, and online references over time, it is concluded that arbitral verdicts have not only resolved the petroleum sector disputes but also effectively prevented their recurrence through meticulous cause analysis.