Oil is considered one of the most important discoveries made by man in the twentieth century. It is the first and basic source of energy, and the backbone of all industrial and agricultural production in our contemporary world. It has become a vital element of daily life. Oil is not only the most important source of energy, but also In fact, it is a source of extraction for no less than eleven thousand different industrial commodities in the world. It has also become the most important commodity in international trade, as it currently constitutes the price of the total of this trade. Because of its multiple uses, oil has turned into a strategic commodity that controls the fate of the world and the economy, and for this reason The demand for oil increased in global markets, especially after World War I, which encouraged major international companies to spend large sums of money to search for Oil reserves and their development in all parts of the world, including the distribution and transportation of oil locally and internationally. We attach herewith a form of contract for the transportation of petroleum products in both Arabic and English.
