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Indonesian Crude Price

From Wikipedia, the free encyclopedia
Price index for crude oil

Indonesian Crude Price, orICP, is a price index forcrude oil fromIndonesia.

The ICP is determined byDirjen 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]

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