Morocco
0 Employees
-
Third-party revenues
$345
-
Related-party revenues
$0
-
Total revenues
$345
-
Profit before tax
$(994,914)
-
Tax paid
$0
-
Tax accrued
$0
-
Tangible assets
$0
-
Stated capital
$0
-
Accumulated earnings
$0
Main business activities
- Upstream
Shell’s footprint
Shell Exploration et Production du Maroc GmbH (SEPM) operates through a local branch and was a non-operating partner in the Tanfit exploration concession (Shell interest 37.5%). In late 2020, SEPM exited the Tanfit concession.
Country financial analysis
The statutory corporate income tax rate in Morocco is 10% to 37%, depending on type of activity and level of income. Shell in Morocco paid no taxes for the year 2021 because of a loss position as a result of the Tanfit exit. The company did not reach production stage, no revenue was obtained and only costs were incurred.
