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Innovation fuels our passion for reliable performance Siemens AboveNEMA Oil & Gas Duty Motorsusa.siemens.com/AboveNEMASiemens Oil & Gas Duty Motorsport the wellhead to the refinery consistent, reliable,

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Oil and gas duty is needed by individuals, companies, or organizations involved in the production, import, export, or sale of oil and gas products. This includes oil refineries, fuel distributors, petroleum companies, gas station owners, and other businesses operating in the oil and gas industry.

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What is oil and gas duty?

Oil and gas duty is a tax imposed on the production of oil and gas resources.

Who is required to file oil and gas duty?

Oil and gas producers are required to file oil and gas duty.

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The purpose of oil and gas duty is to generate revenue for the government from the production of oil and gas resources.

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Information such as production volumes, sales revenues, and applicable tax rates must be reported on oil and gas duty forms.

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