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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.
Video Indonesian Crude Price
References
- "Indonesia - Exports, Marketing & Pricing". APS Review Oil Market Trends. 1999-03-15. Retrieved 2011-05-07.
Source of article : Wikipedia
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