Kuwait
146 Employees
-
Third-party revenues
$279,844,895
-
Related-party revenues
$35,750,839
-
Total revenues
$315,595,734
-
Profit before tax
$173,005,555
-
Tax paid
$22,781,352
-
Tax accrued
$23,587,204
-
Tangible assets
$0
-
Stated capital
$0
-
Accumulated earnings
$0
Main Business Activities
- Upstream and Integrated Gas
Shell has been active in Kuwait since 1948.
In 2010, Shell Kuwait Exploration and Production B.V. and Kuwait Oil Company (KOC) signed an enhanced technical services agreement (ETSA) to jointly develop the Jurassic gas fields in the north of Kuwait. In 2016, Shell Kuwait Exploration and Production B.V. signed two additional ETSAs to provide services to KOC for the North Kuwait Heavy Oil Field and North Kuwait Conventional Oil Field. Shell supports KOC’s operations with the provision of technical and other support services.
In 2018, Shell Global Solutions International B.V. signed an agreement with KOC to support West Kuwait enhanced oil recovery activities.
Country Financial Analysis
The statutory corporate income tax rate in Kuwait is 15%.
Tax is paid in arrears and relates to the tax liability for 2019 profits. The tax accrued amount is in respect of the profits for the year 2020.
