FPMC C Lord Carries 2 Million Barrels of Crude Oil to Mailiao Port, Formosa Petrochemical to Boost Production Capacity
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.
📋 Article Processing Timeline
- 📰 Published: May 7, 2026 at 15:56
- 🔍 Collected: May 7, 2026 at 16:02 (5 min after Published)
- 🤖 AI Analyzed: May 7, 2026 at 16:40 (38 min after Collected)
America-Iran War Key News
Central News Agency
(Central News Agency reporter Chiang Yi-ching, Yunlin County 7th) The very large crude carrier (VLCC) FPMC C Lord, owned by Formosa Marine, which successfully passed through the Strait of Hormuz in mid-April, arrived at Mailiao Port today. It is carrying 2 million barrels of crude oil, which is estimated to relieve about half a month of domestic oil consumption; Formosa Petrochemical will increase its refinery production capacity utilization rate.
Minister of Economic Affairs Kung Ming-hsin stated on April 22nd that Taiwan's daily crude oil demand is about 150,000 barrels, so 2 million barrels of crude oil can support domestic demand for half a month.
With the temporary ceasefire in the America-Iran war in mid-April, Iran briefly opened the Strait of Hormuz. The Liberia-flagged FPMC C Lord was one of the few vessels that successfully passed through the strait.
The FPMC C Lord, originally scheduled to enter Mailiao Port yesterday, was delayed due to other vessels unloading in the port. It has now arrived at Mailiao Port and is scheduled to unload tomorrow.
Lin Ko-yen, General Manager of Formosa Petrochemical Corporation, told the Central News Agency that seven crude oil tankers carrying 2 million barrels each arrive at the port every month, and the FPMC C Lord is just one of them. In addition, 2 million barrels of gasoline and diesel are supplied each month, and the refining volume is much larger than this number, used for producing other petrochemical products.
Lin Ko-yen stated that Formosa Petrochemical plans to increase its refinery operating rate from 43% in April to over 60% in May, and then to 80% in June. He thanked the Formosa Marine staff for their efforts. When the Strait of Hormuz was briefly opened, the vessel happened to be at the port entrance and successfully transported crude oil. Personnel will be dispatched to console the crew.
In addition to the FPMC C Lord, Formosa Petrochemical actively adopts a diversified procurement strategy, including procuring crude oil from various regions such as the Red Sea, Gulf of Oman, and other Middle Eastern/African/Persian Gulf regions, as well as West Africa and the Mediterranean. Raw materials are arriving continuously. (Editor: Li Ming-tsung) 1150507
Choose to stand with the facts, every sponsorship you make is a force to protect press freedom.
Download the Central News Agency's "First-hand News" APP to stay updated with the latest news.
This website's text, images, and audio/video content may not be reproduced, publicly broadcast, or publicly transmitted and used without authorization.
Keywords:
Central News Agency
(Central News Agency reporter Chiang Yi-ching, Yunlin County 7th) The very large crude carrier (VLCC) FPMC C Lord, owned by Formosa Marine, which successfully passed through the Strait of Hormuz in mid-April, arrived at Mailiao Port today. It is carrying 2 million barrels of crude oil, which is estimated to relieve about half a month of domestic oil consumption; Formosa Petrochemical will increase its refinery production capacity utilization rate.
Minister of Economic Affairs Kung Ming-hsin stated on April 22nd that Taiwan's daily crude oil demand is about 150,000 barrels, so 2 million barrels of crude oil can support domestic demand for half a month.
With the temporary ceasefire in the America-Iran war in mid-April, Iran briefly opened the Strait of Hormuz. The Liberia-flagged FPMC C Lord was one of the few vessels that successfully passed through the strait.
The FPMC C Lord, originally scheduled to enter Mailiao Port yesterday, was delayed due to other vessels unloading in the port. It has now arrived at Mailiao Port and is scheduled to unload tomorrow.
Lin Ko-yen, General Manager of Formosa Petrochemical Corporation, told the Central News Agency that seven crude oil tankers carrying 2 million barrels each arrive at the port every month, and the FPMC C Lord is just one of them. In addition, 2 million barrels of gasoline and diesel are supplied each month, and the refining volume is much larger than this number, used for producing other petrochemical products.
Lin Ko-yen stated that Formosa Petrochemical plans to increase its refinery operating rate from 43% in April to over 60% in May, and then to 80% in June. He thanked the Formosa Marine staff for their efforts. When the Strait of Hormuz was briefly opened, the vessel happened to be at the port entrance and successfully transported crude oil. Personnel will be dispatched to console the crew.
In addition to the FPMC C Lord, Formosa Petrochemical actively adopts a diversified procurement strategy, including procuring crude oil from various regions such as the Red Sea, Gulf of Oman, and other Middle Eastern/African/Persian Gulf regions, as well as West Africa and the Mediterranean. Raw materials are arriving continuously. (Editor: Li Ming-tsung) 1150507
Choose to stand with the facts, every sponsorship you make is a force to protect press freedom.
Download the Central News Agency's "First-hand News" APP to stay updated with the latest news.
This website's text, images, and audio/video content may not be reproduced, publicly broadcast, or publicly transmitted and used without authorization.
Keywords: