In the Pipeline: Georgia's Oil and Gas Transit Revenues
November 1, 2004
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Summary
Starting in 2005, nontax revenue in Georgia is expected to rise significantly, in the form of 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. This paper discusses (1) how much additional revenue can be expected, (2) prospects for monetizing gas that could be received as in-kind transit fees, in the light of pervasive nonpayment in the domestic gas sector, (3) the impact of these inflows on external competitiveness, (4) how to put in place appropriate reporting on these additional revenues, and (5) whether these inflows justify the creation of a special natural resource fund.
Subject: Commodities, Expenditure, International trade, National accounts, Oil, Oil exports, Oil, gas and mining taxes, Public expenditure review, Taxes, Transportation
Keywords: Baku-Tbilisi-Ceyhan, BTC pipeline, BTC revenue, fee, fiscal revenue, gas and mining taxes, Georgia, Global, Oil, Oil exports, Public expenditure review, revenue, sc, SCP revenue, transit fee, Transit fees, transit revenue, Transportation, Western Europe, WP
Pages:
16
Volume:
2004
DOI:
Issue:
209
Series:
Working Paper No. 2004/209
Stock No:
WPIEA2092004
ISBN:
9781451874785
ISSN:
1018-5941
