Shell pays Namibia US$108 363 in fees in 2022


Shell Global paid US$108 363 (about N$1,95m) to the Namibian government in fees in 2022.

The company said in its 2022 Sustainability, Climate & Energy Transition Lobbying and Payments to Governments released on March 28.

According to the report, Shell paid $68.2 billion to 25 governments. 

"We paid $13.4 billion in corporate income taxes and $8.2 billion in government royalties. 

"In addition, we collected $46.6 billion in excise duties, sales taxes and similar levies on our fuel and other products on behalf of governments," Shell said.

Shell CEO Wael Sawan said the report shows what they have achieved so far in their work to be a sustainable business. 

"As we invest in the energy needed today, our target to become a net-zero emissions energy business by 2050 remains at the heart of our strategy. 

"We are making good progress. By the end of 2022, we had reduced carbon emissions from our operations by 30% compared with 2016 on a net basis, more than halfway towards our target of a 50% reduction by 2030.

"We aim to do this work responsibly, with discipline and at pace to make a positive difference," Swana said.

In Namibia, Shell, through its subsidiary Shell Namibia Upstream BV, is in the early stages of exploring offshore oil and natural gas. 

The company has a 45% participating interest in the petroleum exploration license 39 offshore Namibia, where QatarEnergy has a 45% and the National Petroleum Corporation of Namibia 10%.

Shell completed three seismic surveys of PEL 39 between 2014 and 2019 to identify geological structures below the seabed that might contain oil or gas. 

In early February 2022, Shell safely completed drilling its first exploration well (Graff-1) in PEL 39. 

Shell offers a comprehensive range of Shell fuels and lubricants products through its Licensee Vivo Energy Namibia.

Vivo Energy Namibia supplies Shell's oil products and innovative services to various sectors of the country's economy.


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