CNOOC, Chevron, Shell paid $6bn to FG in 2016

Indications have emerged from data obtained through the World Bank that International Oil Companies (IOCs) including the CNOOC Limited and Chevron, paid the Federal Government of Nigeria a combined sum of $6.43 billion in 2016.

A breakdown of the data for 2016, shows that Shell paid a sum of $2.17 billion in form of production entitlement, $1.18 billion in taxes, $160.71 million royalties, and $125.38 million in fees. No bonuses, likewise nothing was paid for infrastructural improvement. Total amount Shell paid in 2016 added up to $3.63 billion.

The extractive company, CNOOC Limited, paid Nigeria’s state owned company, Nigerian National Petroleum Corporation (NNPC), $157.11 million for royalties, and $1.69 million in fees.

The company also paid the Nigeria Petroleum Exchange (NiPex), a fee of $1.32 million, Nigeria Export Supervision Scheme (NESS), a fee of $ 2.13 million, paid the Nigeria Delta Development Commission (NDDC), $3.29 million in fees, and the Federal Inland Revenue Service (FIRS), $49 million in taxes and $1.95 billion in royalties.

For OML 130, it paid $34.86 million for taxes, $1.95 billion for royalties and $296 million for fees.

CNOOC said it also paid for OML 138 $14 million for taxes, $15 million for royalties and $36 million in fees.

Total amount paid by CNOOC in 2016 to the government of Nigeria amounted to $1.07 billion.

On the part of Chevron, it paid the Nigerian Export Supervision Scheme $5.39 million in fees, the Niger Delta Development Commission $83.51 million also in fees, Department of Petroleum Resources (DPR), royalties amounting to $275 million and $2.42 million in fees.

Chevron also paid the FIRS fees of $654.8 million in 2016. For OML127/128 it paid $439.98 million in taxes and $41.21 million in fees.

It also paid for Niger Delta Concessions, a sum of $214.81 million in taxes, $275.94million in royalties and $111,607 in fees. Total money Chevron paid in 2016 is $1.71 billion