FPMC C Lord Carrying 2 Million Barrels of Crude Oil Arrives at Mailiao Port on May 6; Formosa Petrochemical: Refinery Operating Rate to Gradually Increase to 80%
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Formosa Petrochemical announced that its VLCC "FPMC C Lord," carrying 2 million barrels of crude oil, will arrive at Mailiao Port on May 6. This arrival will allow the company's refinery operating rate to gradually recover from 43% in April to over 60% in May and 80% in June, attributed to diversified procurement strategies amidst the US-Iran conflict.