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.
References
- "Indonesia - Exports, Marketing & Pricing". APS Review Oil Market Trends. 1999-03-15. Retrieved 2011-05-07.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.