Jordan
2 Employees
-
Third-party revenues
$(404)
-
Related-party revenues
$10,065
-
Total revenues
$9,661
-
Profit before tax
$(640,070)
-
Tax paid
$0
-
Tax accrued
$0
-
Tangible assets
$9,335
-
Stated capital
$0
-
Accumulated earnings
$0
Main business activities
- Upstream
- Integrated Gas
Shell’s footprint
Shell has been active in Jordan since 2009. Shell has two entities with activities in Jordan: Jordan Oil Shale Company B.V. (JOSCo), incorporated in the Netherlands, and Shell Business Development Middle East Limited (SBDME), incorporated in the UK. SBDME was established to provide technical and management services to projects and businesses in Jordan, mainly to exploration and production businesses. In May 2009, JOSCo was awarded an oil shale concession to explore for, assess and develop oil shale, as well as produce and sell products derived from the oil shale. In 2020, JOSCo communicated its decision to end the concession agreement. The termination of this agreement is still pending.
Country financial analysis
The statutory corporate income tax rate in Jordan varies from 20% to 35%, depending on business activities. JOSCo is subject to petroleum taxes calculated on cumulative revenues and costs. As production has not commenced, petroleum taxes are not applicable.
