Turkey

650 Employees

-1 Turkey Shell Tax Contribution Report 2018
Third-Party Revenues
$4,866,034,044
Related-party revenues
$455,940,404
Total Revenues
$5,321,974,448
Profit Before Tax
$32,129,962
Tax Paid
$19,505,119
Tax Accrued
$12,410,316
Tangible Assets
$305,164,307
Stated Capital
$200,917,096
Accumulated Earnings
$361,450,908

Main Business Activities

  • Upstream
  • Downstream
  • Chemicals
  • Trading and Supply

Shell has been active in Turkey since 1923. We resumed our upstream activities in 2011, mainly in partnership with NOC Turkish Petroleum. We have an unconventional exploration project in the south-east Turkey and a deep-water project in the western Black Sea. In 2006, Shell established a 70% joint venture with local distribution company Turcas to expand our branded retail network.

Country Financial Analysis

In 2018, Shell Turkey recorded an overall profit across a number of entities, but there is no consolidation for tax purposes. In Turkish tax law, losses are not set off against profits made in different entities.

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