Indonesian Crude Price
Indonesian Crude Price, or ICP, is a price index for crude oil from Indonesia.
The ICP is determined by Dirjen Migas, based on moving average spot price of a basket of eight internationally traded Indonesia crudes:
- Minas
- Cinta
- Duri
- Arjuna
- Attaka
- Widuri
- Belida
- Senipah
In some cases ICP is used as index in long term LNG contracts in East Asia.[citation needed]
References
[edit]- "Indonesia - Exports, Marketing & Pricing". APS Review Oil Market Trends. 1999-03-15. Retrieved 2011-05-07.
