Indonesian Crude Price, or ICP, is a price index for
crude oil from
Indonesia
Indonesia, officially the Republic of Indonesia, is a country in Southeast Asia and Oceania between the Indian and Pacific oceans. It consists of over 17,000 islands, including Sumatra, Java, Sulawesi, and parts of Borneo and New Guine ...
.
The ICP is determined b
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
*
{{Petroleum industry
Benchmark crude oils
Petroleum in Indonesia