Oil Industry related shortforms

Oil Industry Related Abbreviations/ Short-forms

APM	Administered Pricing Mechanism
IPP	Import Parity Price
APC	Advanced Process Control
F&L	Fuel & Loss
API	American Petroleum Institute
OMC	Oil Marketing Companies
ARC	Annual Rate Contract
CRC	Cold Rolled Coil
CPA	Competant Purchase Authority
OEM	Original Equipment Manufacturers
OES	Original Equipment Service Providers
FAT	Factories Acceptance Test
MSTC	Metal Scrap Trading Corporation
WIP	Work In Progress
FSN	Fast, Slow and Non-moving
SDE	Scarce, Difficult , Easy Analysis
DOP	Delivery Order Point
AMI	Average Monthly Issue
EOQ	Economic Order Quantity
ROQ	Re Order Quantity
MRV	Material Receipt Vouchers
MIP	Material In Pass
MHC	Material Handling Contractor
RC	Rate Contract
PBC	Pre-Bid Conference
OPEC	Organisation of Petroleum Exporting Countries
WTI	West Texas Intermediate
IHV	India Hydrocarbon Vision
EIA	Energy Information Administration
IEA	International Energy Agency
OISD	Oil Industry Safety Directorate