Article from: OGEL 3 (2017), in Middle East, Buy Back Contracts
This article focuses on arbitration as the most popular alternative dispute resolution method for oil and gas disputes. First, we discuss the development of arbitration in the MENA region. Second, we provide an overview of the dispute resolution mechanisms included in host government petroleum agreements from the MENA region. Third, we set out practical considerations concerning the conduct of arbitration in the region. Fourth, we offer practical considerations for enforcing arbitral awards in the MENA region. Finally, we provide a few concluding remarks.