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In the Pipeline: Georgia's Oil and Gas Transit Revenues
Author:
Mr. Jonathan C Dunn
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Mr. Andreas Billmeier null

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Mr. Bert van Selm
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Series:
IMF Working Papers
Volume/Issue:
Volume 2004: Issue 209
Language:
English
Publication Date:
01 Nov 2004
DOI:
https://doi.org/10.5089/9781451874785.001
ISBN:
9781451874785
ISSN:
1018-5941
Pages:
16
Keywords:
WP; revenue; fee; Georgia; sc; Baku-Tbilisi-Ceyhan; transit fee; Transit fees; fiscal revenue; transit revenue; BTC pipeline; BTC revenue; SCP revenue; Oil; gas and mining taxes; Public expenditure review; Oil exports; Transportation; Global; Western Europe
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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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.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund