Global Ethics Oman Oil Company.docx

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Running head: GLOBAL ETHICS 1 Global Ethics Institution Affiliation Instructor’s Name Student’s Name Course Code Date
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GLOBAL ETHICS 2 Oman Oil Company Global Ethics Introduction Local and global ethical issues differ in great magnitude. For businesses that operate in their local areas do not incur many costs in culture change problems as they have been learning and are aware of the existing cultural, and ethical issues, but for those operating in global business, they face different traditions and social activities in their newfound operating nations. Middle East Companies have strict adherence to certain religion and ethical issues compared to Western and American companies. Due to such arising differences it becomes difficult for managers and employees to adapt and learn to operate in their new environment (Al-Sharif, 2016). This paper will discuss one of the leading Oil Companies in the Middle East; Omanoil Company. In the oil industry incidences of dispute arise every day, tough decisions are made during operations, ethical issues and dilemma arise in different regions. Therefore, it is upon the parties involved to find proper settlement method to solve the problem so that they can protect their image, support the existing culture and accept changes in different levels. There are immerse contractual relationships experienced, and costs increase of hydrocarbon and exploration. The increasing number of parties involved in oil production (drilling, exploring, and distribution) increase the chances of disagreement, conflicts, and disputes. Players set a smooth procedure to settle the dispute to enable a more robust process. Most likely they prefer arbitration process. Consequently, players must decide the most suitable scheme for settlement of the disputes as they aim to maintain the ongoing relationship between them. In global oil supply, Omanoil Company has been a leader in the energy sector for close to a decade by providing customers with superior experiences to the highest international standards.
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