Cyprus
0 Employees
-
Third-party revenues
$0
-
Related-party revenues
$11,511
-
Total revenues
$11,511
-
Profit before tax
$(11,244,062)
-
Tax paid
$0
-
Tax accrued
$6,606
-
Tangible assets
$180,260,553
-
Stated capital
$0
-
Accumulated earnings
$0
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.
