China's Sinopec said to be in talks to buy stake in Hin Leong's Singapore terminal

China's Sinopec said to be in talks to buy stake in Hin Leong's Singapore terminal

FILE PHOTO: Pipelines run down the deck of Hin Leong's Pu Tuo San VLCC supertanker in the waters off Jurong Island in Singapore July 11, 2019. Picture taken July 11, 2019. REUTERS/Edgar Su/Fiel Photo

Chinese state energy company Sinopec is in early-stage talks with Hin Leong Trading Pte Ltd to buy a stake in an oil storage terminal that is partly owned by the Singapore trader, according to three sources with knowledge of the matter.