Indonesian Crude Price
Indonesian Crude Price, or ICP, is a price index for crude oil from Indonesia.
The ICP is determined by Pertamina, based on moving average spot price of a basket of five internationally traded crudes:
- Minas (Indonesia)
- Tapis (Malaysia)
- Gippsland (Australia)
- Dubai (UAE)
- Oman
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.
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