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0 Employees

  • Third-party revenues


  • Related-party revenues


  • Total revenues


  • Profit before tax


  • Tax paid


  • Tax accrued


  • Tangible assets


  • Stated capital


  • Accumulated earnings


Main Business Activities

  • Upstream and Integrated Gas
  • Other support activities

Oryx Caspian Pipeline, L.L.C., a Shell USA-incorporated entity, has an interest in Caspian Pipeline Consortium (CPC). CPC is a project to transport crude oil with the participation of public entities from Russia, Kazakhstan and other international oil companies. It has a branch registered in Cyprus. In 2020, the Cyprus branch only made income from interest.

In 2016, through its acquisition of BG Group, Shell acquired a UK-incorporated entity, BG Cyprus Limited, which has a branch in Cyprus. The entity holds an exploration and production licence in Cyprus but production has not yet commenced.

Country Financial Analysis

Cyprus has a statutory corporate income tax rate of 12.5%. The Shell branches in Cyprus made an overall loss in 2020. The increased loss in BG Cyprus resulted from costs related to early-stage exploration activities.

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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