Profit oil, being the balance of available crude oil after deducting royalty oil, tax oil and cost oil, shall be allocated to each party in accordance with the terms of the production sharing contract.
Nigeria Tax Act 2025 · Chapter 3 · Part III
Section 110Allocation of profit oil
Cite as: Nigeria Tax Act 2025, section 110
Source: Nigeria Tax Act, 2025 (Act No. 7 of 2025), Official Gazette No. 117, Lagos, 26 June 2025. General information, not legal advice.