1.

ICP meaning in Business ?

Answer» What is Indonesian Crude Price mean?

Indonesian Crude Price, or ICP, is a price index for crude oil from Indonesia.

The ICP is determined by Dirjen Migas, based on moving average spot price of a basket of eight internationally traded Indonesia crudes:

MinasCintaDuriArjunaAttakaWiduriBelidaSenipah

In some cases ICP is used as index in long term LNG contracts in East Asia.

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