China's Sinochem in early talks to buy stake in Noble: sources
Sinochem eyeing access to Noble's global supply chain
Singapore
CHINA'S state-owned Sinochem is in early talks with Noble Group to buy an equity stake in the embattled trader, three sources familiar with the matter said, in a move that would help it gain access to the commodity trader's global supply chain.
Taking a stake in an internationally active trading house like Noble would help Sinochem, a big oil, gas and petrochemical company, in its ambitions to become a more globally active energy trader, and also develop China's gas industry.
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