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Nigerian Elections in a Week..
2.3million barrels of oil per day at stake..
In the recent decades the international petroleum industry has experienced some major transformations, transformations which have led to a robust industry of new market entrants all in competition for the world’s petroleum resources. Much of the changes have been attributed to the constant rise in petroleum commodity prices, and others to the growing national awareness of the importance of energy products, not just as a catalyst for national development but to the growing need for energy security as scarcity becomes a reality. Upon this backdrop is the development of international arbitration (IA) in the petroleum sector. 