VOL. XLIII

No. 04

24 January 2000

OPEC

Indonesian Crude Oil Prices For December

Indonesias state-owned oil company Pertamina has set new prices for its crudes for December. The Indonesia Crude Price (ICP) formulas are based on the monthly average of price assessments published by Platts (40%), RIM publication (40%) and Asian Petroleum Price Index (APPI 20%). The following table contains the export prices for Indonesian crudes for 1999 ($/B).

1999

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Minas

10.99

10.56...