Author : Holger Fabig
Publisher : International Monetary Fund
ISBN 13 : 1451870140
Total Pages : 32 pages
Book Rating : 4.45/5 ( download)
Book Synopsis Modeling Macro-Critical Energy Sectors in Low-Income Countries by : Holger Fabig
Download or read book Modeling Macro-Critical Energy Sectors in Low-Income Countries written by Holger Fabig and published by International Monetary Fund. This book was released on 2008-06-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper proposes a general framework for monitoring macro-critical energy sectors in low-income countries, defined as consisting of the three subsectors of crude oil and natural gas production, refinery, and electricity production. It aims to derive consistent information on physical and financial flows in the sector, including on interlinkages between the subsectors. It then applies this framework to Côte d'Ivoire. While being an important source of growth, the Ivoirien energy sector is found to have important shortcomings, in particular as regards transparency, efficiency and contribution to fiscal revenue. Among the key problems are partially intransparent production sharing arrangements for hydrocarbon production, price distortions for natural gas, administered prices for refined petroleum products, underfunding and lack of investment in the electricity sector, and inefficient government subsidies in the latter two subsectors.