In the Pipeline: Georgia's Oil and Gas Transit Revenues

IMF Working Papers, November 1, 2004

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In the Pipeline: Georgia's Oil and Gas Transit Revenues

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Bibliographic details

• Authors: Jonathan C Dunn, Andreas Billmeier, Bert van Selm
• Published: November 1, 2004
• Series: IMF Working Papers
• DOI: https://doi.org/10.5089/9781451874785.001

Expected transit revenue inflows

• Starting in 2005, nontax revenue in Georgia is expected to rise significantly from transit fees for oil transported through the Baku-Tbilisi-Ceyhan Oil Pipeline.
• Transit fees for gas transported through the South Caucasus Pipeline are expected to start in 2007.
• The paper examines how much additional revenue can be expected from these oil and gas transit fees.

Monetization of in-kind gas transit fees

• The paper discusses prospects for monetizing gas that could be received as in-kind transit fees.
• Analysis explicitly considers the context of pervasive nonpayment in the domestic gas sector and its implications for monetization strategies.

Impact on external competitiveness

• The paper analyzes the impact of increased transit-fee inflows on Georgia's external competitiveness.

Reporting, transparency, and fiscal management

• The paper addresses how to put in place appropriate reporting on these additional transit revenues.
• Emphasis on establishing reporting mechanisms to track nontax transit fee inflows accurately.

Consideration of a special natural resource fund

• The paper evaluates whether the anticipated inflows justify the creation of a special natural resource fund.

Paper metadata and scope

• Authors: Jonathan C Dunn, Andreas Billmeier, Bert van Selm
• Publication date: November 1, 2004
• Pages: 16
• Series: Working Paper No. 2004/209
• DOI: https://doi.org/10.5089/9781451874785.001

Source: IMF Working Paper by Jonathan C Dunn, Andreas Billmeier, and Bert van Selm (November 1, 2004).