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

• "Indonesia - Exports, Marketing & Pricing". APS Review Oil Market Trends. 1999-03-15. Retrieved 2011-05-07.