Albania

60 Employees

Third-party revenues

$(59,798)
Related-party revenues

$51,366
Total revenues

$(8,432)
Profit before tax

$(44,556,420)
Tax paid

$0
Tax accrued

$0
Tangible assets

$249,976,849
Stated capital

$0
Accumulated earnings

$0

Main Business Activities

Upstream

Shell has been present in Albania since 2012 and has been exploring for oil and gas there through an Albanian branch of a Dutch company, Shell Upstream Albania B.V.

In 2019, a new branch of a Dutch company, Shell Albania Block 4 B.V., was set up to manage a new production-sharing contract.

Country Financial Analysis

The corporate income tax rate for the exploration and production of hydrocarbons in Albania is 50% and is determined by the production-sharing contract agreed with the Albanian government.

The loss before tax is a result of exploration costs. As the fields have not been developed or started production there are no profits to tax.

Branch

A branch is an office or business presence in a location other than where the corporate entity is established.

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Corporate income tax

This is a direct tax imposed on companies’ profits. It is sometimes levied at a national level but can also be levied on a state or local basis.

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Production-sharing contracts or concessions

A production-sharing contract (PSC) is a contractual arrangement between the holders of a resource, typically a country’s government, and a resource extraction company concerning how much oil or gas each party would receive. The company bears the mineral and financial risk of the initiative. It explores, develops and, if successful, manages production. Costs are recovered through the sales of oil or gas and what is left over is split depending on the terms of the contract.

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Albania

60 Employees

Main Business Activities

Country Financial Analysis

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