Oil tanker chartered by CPC expected to arrive in Taiwan in July

Taipei, June 23 (CNA) The Dubai Energy, an oil tanker chartered by oil supplier CPC Corp., Taiwan and carrying 2 million barrels of crude oil, is expected to arrive in Taiwan in mid-July after exiting the Strait of Hormuz, the state-owned oil supplier confirmed Tuesday.

CPC's confirmation came after a Reuters report said earlier in the day that the Dubai Energy, which had been stranded for over three months due to military conflict in the Middle East, left the Strait of Hormuz overnight and is bound for Kaohsiung.

Citing ship-tracking data, the Reuters report said the Dubai Energy, one of two Very Large Crude Carriers (VLCC) stranded by the war in the Middle East, is carrying 2 million barrels of Abu Dhabi and Saudi crude oil.

Another VLCC -- the Universal Glory, chartered by South Korean refiner GS Caltex -- also exited the Strait, according to Reuters.

CPC said the Dubai Energy completed the loading of 2 million barrels of crude oil before the U.S.-Israel war against Iran broke out at the end of February and had previously planned to pass through the Strait in early March.

However, the military conflict in the Middle East resulted in the blockade of the Strait and the shipment was delayed.

CPC said the 2 million barrels of crude oil will be assigned to its oil refinery plants in Dalin Refinery in Kaohsiung and Taoyuan Refinery based on market demand.