Oil & Gas International Dispute Resolution in context: The example of Exxon Mobil v. Venezuela

Resumen

The following article analyses the international dispute resolution tools in the Oil & Gas context. For that purpose, the article uses the example of ExxonMobil v. Venezuela to illustrate several issues in international litigation and arbitration. Likewise, the article explains the important background of arbitration in Venezuela, as well as the particularities of Venezuelan Oil industry and comparison with important changes in the region. Finally, the paper discusses the different arbitration and litigation strategies involving the oil business in Venezuela.