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

 
Author/Editor: Billmeier, Andreas ; Dunn, Jonathan C. ; van Selm, Bert
 
Publication Date: November 01, 2004
 
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
 
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.
 
Series: Working Paper No. 04/209
Subject(s): Oil | Georgia | Natural gas | Transport | Revenues | Fiscal policy

Author's Keyword(s): Georgia | Transit fees | fiscal revenue
 
English
Publication Date: November 01, 2004
ISBN/ISSN: 1934-7073 Format: Paper
Stock No: WPIEA2092004 Pages: 15
Price:
US$15.00 (Academic Rate:
US$15.00 )
 
 
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