Tanzania
17 Employees
-
Third-party revenues
$0
-
Related-party revenues
$155,329
-
Total revenues
$155,329
-
Profit before tax
$(15,190,061)
-
Tax paid
$65,445,902
-
Tax accrued
$0
-
Tangible assets
$347,869,832
-
Stated capital
$26,859,684
-
Accumulated earnings
$(37,462,797)
Main business activities
- Upstream
- Integrated Gas
Shell’s footprint
Shell has been active in Tanzania since 2010. Shell Exploration and Production Tanzania Limited (SEPTL) is a company incorporated in the UK with a branch registered in Tanzania. SEPTL is the operator of two offshore blocks (Blocks 1 and 4) and has a 60% interest in both. Shell Deepwater Tanzania B.V. (SDT) is a company incorporated in the Netherlands with a branch registered in Tanzania (SDT Tanzania) and a branch registered in Zanzibar (SDT-Zanzibar). SDT-Zanzibar began liquidation in 2021 and was closed in early 2022.
Country financial analysis
The statutory corporate income tax rate in Tanzania is 30% There was no corporate income tax due on regular business activities in the year. The tax paid in 2021 related to capital gains tax that resulted from restructuring activities. Our Payments to Governments Report for 2021 shows that Shell paid $245,000 in fees.
