PROFIT BEFORE TAX
Main Business Activities
- Upstream and Integrated Gas
Shell has been active in Jordan since 2009.
Shell has two entities with activities in Jordan: Jordan Oil Shale Company B.V. (JOSCo), incorporated in the Netherlands, and Shell Business Development Middle East Ltd. (SBDME), incorporated in the UK.
SBDME was established to provide technical and management services to projects and businesses in Jordan, mainly to exploration and production businesses.
JOSCo has an oil shale concession agreement (OSCA) with the government of Jordan and the Natural Resources Authority, which gives it exclusive rights to explore for, assess and develop oil shale, as well as produce and sell products derived from the oil shale.
Country Financial Analysis
The statutory corporate income tax rate in Jordan varies from 20% to 35%, depending on the business activities from which the taxpayer generates income.
JOSCo is subject to petroleum taxes calculated on cumulative revenues and costs. As production has not yet commenced, petroleum taxes are not applicable.