3 Seas Energy Inks Deal to Transport Oil on Marketlink Pipeline System
Deal Extends Tulsa-based company’s reach into domestic and international markets
Tulsa, Okla. and Warsaw, Poland – 3 Seas Energy announced today its proprietary blended oil variety, White Eagle Blend (WEB), has been approved for long-distance transport via the Marketlink Pipeline System beginning in October.
3 Seas Energy, a joint venture between U.S.-based Getka and Polish-based Unimot, will transport shipments of WEB via Marketlink from Cushing, Okla. to refineries in the U.S. Gulf Coast via the southern leg of the Keystone Pipeline System.
“Adding Marketlink to our oil transportation portfolio expands our reach into domestic and international markets,” said Dariusz Cichocki, president of 3 Seas. “By transporting on one of North America’s leading liquids pipeline systems, we can deliver WEB to key markets and refineries across the world.”
WEB is a blended, medium-sour oil variety designed to provide an alternative and efficient source of energy to meet U.S. and European demand. The crude oil was originally manufactured for Eastern Europe at the Phillips 66 Beaumont Terminal in Texas.
Marketlink, owned by TransCanada, has the capacity to flow 750,000 barrels per day (bpd) to delivery points in South Texas, including Houston and Port Arthur. It is a critical and efficient channel, linking the manufacturing ability of North America’s crude oil hub in Cushing to worldwide markets.
About 3 Seas
Based in Tulsa, Oklahoma and operating from the heart of North America’s crude oil hub in Cushing, Oklahoma, 3 Seas provides a global platform for delivery of U.S. oil. A joint venture between Getka and Polish-based energy company Unimot, 3 Seas Energy operates a global network to purchase and sell oil for emerging European and Asian energy markets. More information is available at 3Seas-energy.com.