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

By Jonathan C Dunn, Andreas Billmeier, Bert van Selm

November 1, 2004

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Format: Chicago

Jonathan C Dunn, Andreas Billmeier, and Bert van Selm. In the Pipeline: Georgia's Oil and Gas Transit Revenues, (USA: International Monetary Fund, 2004) accessed November 12, 2024

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.

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

Publication Details

Pages:

16
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2004/209
Stock No:

WPIEA2092004
ISBN:

9781451874785
ISSN:

1018-5941

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