Media: Sinopec in talks about Hin Leong's terminal in Singapore

China's Sinopec will buy part of crisis-stricken Hin Leon's oil terminal in Singapore, sources tell Reuters. Negotiations are still at an early stage.

Photo: Darley Shen / Reuters / Ritzau Scanpix/REUTERS / X02935

by KATRINE GRØNVALD RAUN

Chinese energy major Sinopec is allegedly in talks with crisis-stricken Hin Leong Trading to buy a stake in the company's oil terminal in Singapore, reports Reuters citing three sources with knowledge of the transaction.

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