Course in Legal Rules For International Contracts in Oil

This course offers a training course on the legal principles of international contracts in the oil sector. This course is designed for anyone looking to gain expertise in the oil industry and to learn more about the legal rules governing contracts specific to this field.

In this course, which the academy is honored to present, we will explore in-depth the legal principles for entering into international contracts in the oil industry. The second half of 2014 and the year 2015 saw an oversupply of crude oil in the markets, leading to a significant drop in oil prices throughout 2015, reaching their lowest level in six years. This situation severely impacted the budgets of countries that rely on oil to cover their expenses, such as Venezuela, which is actively seeking a collective decision to reduce global oil production, particularly among OPEC members. Many of these countries insist on maintaining their market share in the oil market instead of working to reduce oversupply to raise prices. Saudi Arabia, the world's largest oil producer, has consistently refused to lower its production rates, asserting that it will continue to produce at the same levels. Therefore, understanding the legal principles when entering into contracts in the oil sector is essential.

By the end of the course, participants will be able to:

This course offers this course to the following categories:

• Directors and owners.
• Directors and heads of legal affairs departments and employees.
• workers in petroleum facilities security.
• Workers in the environmental control services.
• Workers of work quality control in the oil facilities.
• Directors and owners.
• Directors of departments
• Directors of the accounting department in oil companies.
• Directors of the accounting department in gas companies.
• Directors of the accounting department in public institutions for petrochemicals.
• All workers in accounting sector of oil institutions and companies.
• Oil Workers.
• All workers in administrative departments.

After completing the program, participants will be able to master the following topics:

• Oil industry and its importance in revivalism countries.
• Enough legal experience in private rules of international contracts in oil industry.
• Environmental effects of oil leak and their overcoming methods.