ICP
From Enipedia
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 (United Arab Emirates)
- Oman
In some cases ICP is used as index in long term LNG contracts in East Asia.
