Comprehensive  Ghana Oil and Gas news, information, updates, analysis


News in Brief

Govt grosses $109m as revenue and taxes from crude oil exports

  • SOURCE: | Editor
  • oil money

    The state has realized 109 million dollars from the exports of crude oil and taxes for the first quarter of this year.

    This was contained in the petroleum receipts and distribution report for the first three months of 2015.

    The report also showed, minus the taxes paid by other operators on the Jubilee Field, that government actually realized 107 million dollars from the exports of its share of crude oil.

    However in terms of the price sold for the three lifting’s from December last year to February 5, Government actually sold its barrel between 51 dollars and 61 dollars.

    Government through the GNPC, actually lifted almost 3 million barrels, while the jubilee partners, lifted almost 7 million barrels of crude oil.

    However, the report showed that the declining world crude price has affected government’s revenue. This is because compared to the same period for the first quarter of 2014, the state realized almost 310 million dollars compared to the 109 million gotten in the first quarter of 2015.

    Source: http://www.myjoyonline.com/business/2015/April-23rd/govt-grosses-109m-as-revenue-and-taxes-from-crude-oil-exports.php#sthash.6FgG7FK9.dpuf

    Share this article

    Leave a reply

    Personality of the Month
    Poll

    Do you think the President should fund the free SHS with oil revenue?

    Follow Us Online
    About Us
    Reporting Oil and Gas project was launched on 4th June 2009 at Takoradi, Western Region, Ghana by Penplusbytes (www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector read more
    Events Calendar
    << Jul 2018 >>
    MTWTFSS
    25 26 27 28 29 30 1
    2 3 4 5 6 7 8
    9 10 11 12 13 14 15
    16 17 18 19 20 21 22
    23 24 25 26 27 28 29
    30 31 1 2 3 4 5
    Twitter Activity Stream
     

    Partners We are proud to be associated with:

    Skip to toolbar