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Nigeria, biggest recipient of payment from Shell in 2016
  • Post by Admin on sunday, March 05, 2015

Global oil giant, Royal Dutch Shell Plc, said on Tuesday that it paid $3.638 billion to the Nigerian government last year for its activities in the country. Nigeria's revenue from the oil major was the highest out of the 31 countries to which Shell made payments last year.

Shell, in its 'Report on Payments to Governments for the Year 2016' released on Monday, said it paid $2.172 billion to the Nigerian National Petroleum Corporation as production entitlement.

The oil major said $1.18 billion was paid to the Federal Inland Revenue Service as taxes, $160.71 million and $239,189 to the Department of Petroleum Resources as royalties and fees, respectively, and $125.14 million to the Niger Delta Development Commission as fees.

A total of $2.67 billion was paid to Malaysia, the second biggest recipient of revenue from Shell, according to the report. Shell said it paid $2.53 billion, $1.61billion and $1.07 billion to Norway, Iraq and Oman, respectively last year.

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