VOL. XLII

No 45

8-November-1999

OPEC

Indonesian Crude Oil Prices

As of October, Indonesiaç—´ state-owned oil company Pertaminahas applied a new pricing method for its Indonesia Crude Price (ICP). The newformula no longer uses a 52-week historic average, which was based on APPIassessments. Now the ICP formulas are based on the monthly average of priceassessments published by Platts (40%), RIM (40%) and APPI (20%). The followingtable contains the export prices for Indonesian crudes for the first 10...