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Glossary

Glossary of Terms

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Acronym English Definition
APSR Authority for Public Services Regulation
ARC Audit Risk Committee
ATA Asset Transfer Agreement
BAT Best Available Techniques
BCM Billion Cubic Meters
BEC Board Executive Committee
BEPS Base Erosion and Profit Shifting
BOD Board of Directors
BVS Block Valve Station
Bz Baisa
CAPEX Capital Expenditure
CBO Central Bank of Oman
CCL Commercial Company Law
CCUS Carbon Capture, Utilization, and Storage
CEO Chief Executive Officer
CFO Chief Financial Officer
CHRO Chief Human Resources Officer
CMA Capital Market Authority
CNO Carbon Network Operator
CP Cathodic Protection
CSR Corporate Social Responsibility
CSI Corporate Social Investment
DMTT Domestic Minimum Top-up Tax
DNA Development Needs Analysis tool
EBITDA Earnings Before Interest, Taxes, Depreciation, and Amortization
ECL Expected Credit Loss
EDRMS Electronic Document Record Management System
EIA Environmental Impact Assessment
EIC Energy Infrastructure Company
EOI Expression of Interest
EOR Enhanced Oil Recovery
E&P Exploration & Production
E-PTW Electronic Permit to Work
ERM Enterprise Risk Management
ERP Enterprise Resource Planning
ESG Environmental, Social, and Governance
ESIA Environmental and Social Impact Assessment
FSA Financial Services Authority
FVTPL Fair Value Through Profit and Loss
GHG Greenhouse Gas
HNO Hydrogen Network Operator
HSE Health, Safety, and Environment
IASB International Accounting Standards Board
IFRIC International Financial Reporting Interpretations Committee
IFRS International Financial Reporting Standards
ICV In-Country Value
IDS Intrusion Detection System
IGC Integrated Gas Company
IIA Institute of Internal Auditors
IIR Income Inclusion Rule
IPO Initial Public Offering
IPP Independent Power Producer
ISA International Standard on Auditing
ISO International Organization for Standardization
KPI Key Performance Indicator
KW Kilowatt
LFI Learning from Incidents
LNG Liquefied Natural Gas
LPG Liquefied Petroleum Gas
LTI Lost Time Injury
MCDC Muscat Clearing & Depository Company
MEM Ministry of Energy and Minerals
MNEs Multinational Enterprises
MOF Ministry of Finance
MOU Memorandum of Understanding
MPMs Management-defined Performance Measures
MSX Muscat Stock Exchange
MTPA Million Tons Per Annum
MVIF Motor Vehicle Incident Frequency
NGL Natural Gas Liquids
NGTN Natural Gas Transportation Network
NRC Nomination and Remuneration Committee
OGM Ordinary General Meeting
OIA Oman Investment Authority
OPEX Operating Expenditure
OSHRM Omani Society for Human Resource Management
OXY Occidental Petroleum Corporation
PC Price Control Period
PDO Petroleum Development Oman
PL Pipeline
POC Proof of Concept
PPE Personal Protective Equipment
QHSSE Quality, Health, Safety, Security, and Environment
RAB Regulated Asset Base
RO Omani Rials
ROW Right of Way
RTP Remote Techno Plug technology
SAOC Closed joint-stock company
SAOG Public joint-stock company
SCADA Supervisory Control and Data Acquisition
SCM Standard Cubic Meter
SMEs Small and Medium Enterprises
SOFR Secured Overnight Financing Rate
TFA Transportation Framework Agreement
TRIF Total Recordable Injury Frequency
TTA Tariff and Transportation Agreement
UNGC United Nations Global Compact
VR Virtual Reality
WACC Weighted Average Cost of Capital
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