Cyprus

0 Employees

THIRD-PARTY REVENUES

$0

RELATED-PARTY REVENUES

$84,437

TOTAL REVENUES

$84,437

PROFIT BEFORE TAX

$(4,848,962)

TAX PAID

$0

TAX ACCRUED

$0

TANGIBLE ASSETS

$179,326,120

STATED CAPITAL

$0

ACCUMULATED EARNINGS

$0

Main Business Activities

  • Upstream and Integrated Gas
  • Other support activities

Oryx Caspian Pipeline LLC, a Shell US-incorporated entity, has an interest in Caspian Pipeline Consortium (CPC). CPC is a project to transport crude oil with the participation of public entities from Russia, Kazakhstan and other international oil companies. It has a registered in Cyprus. In 2019, the Cyprus branch did not receive any income from its holdings.

In 2016, through its acquisition of BG Group, Shell acquired a UK-incorporated entity, BG Cyprus Ltd., which has a branch in Cyprus. The entity holds an exploration and production licence in Cyprus but production has not yet commenced. 

Country Financial Analysis

Cyprus has a statutory corporate income tax rate of 12.5%. The Shell in Cyprus made no profit in 2019 and therefore no corporate income tax was due.

Branch
A branch is an office or business presence in a location other than where the corporate entity is established.
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Branch
A branch is an office or business presence in a location other than where the corporate entity is established.
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