Crude grade comparison

Belanak vs Shah Deniz Condensate

Belanak field, Natuna Sea

Belanak

--
--
Class
Sweet Condensate
API
48°
Sulfur
0.05%
VS
Belanak – Shah Deniz Condensate spread -- · Belanak premium

Belanak is sweet condensate crude (48° API, 0.05% sulfur); Shah Deniz Condensate is sweet condensate crude (47° API, 0.05% sulfur).

Crude quality

Quality & refinery yields

How the two crudes differ in the barrel. Each property uses its own scale.

  • Belanak Crude
  • Shah Deniz Condensate Crude

Physical & chemical properties

API gravityhigher = lighter
B48°
SDC47°
Sulfur contenthigher = sourer
B0.05%
SDC0.05%
Densityhigher = heavier
B g/cm³
SDC g/cm³
Viscosityhigher = thicker
B cSt
SDC cSt
Pour pointhigher = waxier
B °C
SDC °C

Typical refinery yields

Gasoline% of barrel
Diesel% of barrel
Jet fuel% of barrel
Residual fuel% of barrel

Bars show each yield range; the faint part runs from 0 to the low end. Scale 0–50%.

Full specification comparison

Full specification comparison of Belanak Crude and Shah Deniz Condensate Crude
PropertyBelanak CrudeShah Deniz Condensate CrudeBelanak − Shah Deniz Condensate
Classification
ClassificationSweet CondensateSweet Condensate
OriginBelanak field, Natuna SeaShah Deniz gas field, Caspian Sea
Chemical properties
API gravity48° API47° API+1 °API
Sulfur content0.05%0.05%0%
Density g/cm³ g/cm³0 g/cm³
Pour point °C °C0 °C
Viscosity cSt cSt0 cSt
Typical refinery yields
Gasoline%%0 pts
Diesel%%0 pts
Jet fuel%%0 pts
Residual fuel%%0 pts
Trading & logistics
Delivery basisFOB
Major exchanges
Export hubCeyhan/Sangachal
Main destinationsAsiaEurope
Benchmark type
Market profile
Key characteristicsLight sweet Indonesian condensate blendLight condensate co-produced with gas from Shah Deniz
Refining notesNaphtha-rich feedstockNaphtha-rich feedstock
FAQ

Belanak vs Shah Deniz Condensate questions

The spread, the quality gap and why each grade is a benchmark.

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Belanak Crude was $ and Shah Deniz Condensate Crude $ per barrel, so Shah Deniz Condensate traded at a premium of $0 over Belanak. Over the previous 30 shared price days the spread averaged -- $/bbl, with Shah Deniz Condensate priced above Belanak on 0 day(s).

Belanak Crude is a sweet condensate Belanak field, Natuna Sea crude (48° API, 0.05% sulfur) and benchmark. Shah Deniz Condensate Crude is a sweet condensate Shah Deniz gas field, Caspian Sea crude (47° API, 0.05% sulfur) and benchmark.