| 1 |
Bbl |
Barrels |
| 2 |
CIT |
Company Income Tax |
| 3 |
NCDMB payment |
Nigerian Content Development Board payment is the mandatory collection of 1% statutory deduction from any contract awarded to any operator, contractors, sub-contractors, alliance partners or any other entity in any project operation activity in any transactions in the upstream sector of the Industry. |
| 4 |
NDDC Levy |
Niger Delta Development Commission levy is collection of 3% of annual budget of upstream companies and the tackling of ecological problems which arise from exploration of oil |
| 5 |
Rentals |
License Fees and Concession Rentals. |
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|
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| 6 |
Total revenue from Crude Oil & Gas Sales |
This comprises of the sale of Federation Equity & Profit oil, Domestic crude sales, Gas sales & Feedstock sales |
| 7 |
Total flows to Federation |
This represents the total revenue flow to the federation |
| 8 |
Total financial flows from the Oil & Gas sector |
This represents the total revenue from all sources in the Oil & Gas sector and other sub-national entities. |
| 9 |
Federation Export
|
This represents the crude that is sold internationally
|
| 10 |
Domestic Crude/Refining/Sales
|
This represents Crude that is allocated for domestic use
|
| 11 |
Total Federation Entitlement
|
This represents the total entitlement to the federation based on the respective contractual agreement.
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