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.

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