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

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  • Mr. Jonathan C Dunn
  • Mr. Andreas Billmeier
  • Mr. Bert van Selm

Abstract

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.

Suggested Citation

  • Mr. Jonathan C Dunn & Mr. Andreas Billmeier & Mr. Bert van Selm, 2004. "In the Pipeline: Georgia's Oil and Gas Transit Revenues," IMF Working Papers 2004/209, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2004/209
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    References listed on IDEAS

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    1. Mr. Rolando Ossowski & Mr. Steven A Barnett & Mr. James Daniel & Mr. Jeffrey M. Davis, 2001. "Stabilization and Savings Funds for Nonrenewable Resources," IMF Occasional Papers 2001/004, International Monetary Fund.
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    Cited by:

    1. Bakar Normizan & Ishii Yasunori, 2014. "Export Competition between Landlocked and Coastal Countries: An Analysis of Strategic Export Policies," Review of Development Economics, Wiley Blackwell, vol. 18(4), pages 804-812, November.

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