Arbitration and its importance for the hydrocarbon extractive sector El arbitraje y su importancia para el sector extractivo hidrocarburífero

Abstract

Trying to put the focus of attention on arbitration within the hydrocarbon extractive activity, we have carried out some studies that have allowed us to consolidate some considerations and reflections whose foundations are found in the foundations of the national and international doctrine consulted and in a number of practical cases. reviewed for such purposes. This analysis aims to achieve the arguments that validate and recognize the importance of this institution within the sector of exploration, exploitation and production of hydrocarbons and gas at sea, and to consolidate the arguments on international arbitration, we close our analysis with the Venezuelan case, revealing the complications and consequences that can be generated within this industry that is so important for the economy of the countries.