Indonesian Crude Price

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. Fact|date=August 2008

References

http://www.allbusiness.com/mining/oil-gas-extraction-crude-petroleum-natural/162178-1.html


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