FPMC C Lord Carries 2 Million Barrels of Crude Oil to Mailiao Port, Formosa Petrochemical to Boost Production Capacity
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Formosa Marine's very large crude carrier (VLCC) "FPMC C Lord" has arrived at Mailiao Port, carrying 2 million barrels of crude oil. This is expected to cover approximately half a month of domestic oil consumption, and Formosa Petrochemical plans to increase its refinery operating rate from 43% in April to over 60% in May, and then to 80% in June. This success is attributed to utilizing a temporary opening of the Strait of Hormuz for oil transport.