Crude Oil Qualities in Egypt
Crude oil found in Egypt varies significantly in quality, with API gravities generally ranging from 22° (upper limit heavy) to 33° (medium - light).
Egypt typically produces three main blends:
The Suez Blend
Egypt's benchmark oil blend is Suez, which is usually sold at a discount to the Brent contract because of its relatively high sulfur content, according to Global Insight. The Suez blend has an API gravity of 33° while its sulfur content stands at 1.4.
The Belayim Blend
Falling mid-range, the Belayem blend has an API gravity of 26° and a sulfur content of 1.6.
The Ras Gharib Blend
The heaviest kind of oil in Egypt is the Belayem blend, with an API gravity of 22° and a sulfur content of 1.7.