Modeling Macro-Critical Energy Sectors in Low-Income Countries A General Framework and an Application to Côte d’Ivoire

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 financia...

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Bibliographic Details
Main Author: Fabig, Holger
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2008
Series:IMF Working Papers
Subjects:
Oil
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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300 |a 30 pages 
651 4 |a Côte d'Ivoire 
653 |a Industries: Energy 
653 |a Oil 
653 |a Energy industries 
653 |a Investments: Energy 
653 |a Natural gas sector 
653 |a Electricity 
653 |a Hydrocarbon Resources 
653 |a Energy sector 
653 |a Gas industry 
653 |a Petroleum industry and trade 
653 |a Macroeconomics: Production 
653 |a Energy: General 
653 |a Energy and the Macroeconomy 
653 |a Electric Utilities 
653 |a Oil production 
653 |a Investment & securities 
653 |a Petroleum, oil & gas industries 
653 |a Electric utilities 
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520 |a 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