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Indonesian Crude Price

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Title: Indonesian Crude Price  
Author: World Heritage Encyclopedia
Language: English
Subject: Argus Sour Crude Index, Differential sticking, Oil and gas agreement, China National Refinery Corporation, Tracer use in the oil industry
Collection: Benchmark Crude Oils, Petroleum in Indonesia
Publisher: World Heritage Encyclopedia

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.


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