Indonesia mulls rolling over crude price formula

摘要

Jakarta-Indonesia may roll over its current official crude and LNG price formula into the first half of 2009 as they reflect the spot market, an Energy and Mines Ministry official said December 11. "The team has recommended that minister Purnomo Yusgiantoro maintain the current formula," a source close to the evaluation team said. Indonesia typically reviews its official Indonesian Crude Price, or ICP formula, every six months to ensure it is in line with the spot prices being commanded by the country's crude grades.