Message from the Chief Financial Officer
Approach to tax
Special topics
Our tax data
Iraq
604 Employees
Third-Party Revenues
$187,360,810
Related-party revenues
$307,189,453
Total Revenues
$494,550,263
Profit Before Tax
$11,937,578
Tax Paid
$11,900,234
Tax Accrued
$5,263,188
Tangible Assets
$(187)
Stated Capital
not available at the time of publication
Accumulated Earnings
$0
Main Business Activities
- Upstream and Integrated Gas
In 2013, Shell entered into a joint venture with South Gas Company called Basrah Gas Company (BGC). BGC focuses on processing gas that otherwise would have been flared, supplying this to the government of Iraq for power generation in Iraq.
Country Financial Analysis
Taxes are paid in arrears. The tax paid in 2018 relates to the 2017 tax year and taxable profits.
Our Payments to Governments Report for 2018 also shows that Shell paid around $2.2 billion in production entitlements.
