Sinopec mulls over two US oil projects ahead of Trump's visit: sources
China major could partner Freepoint and ArcLight on pipeline, VLCC terminal; they could also expand storage facilities in the Caribbean
Singapore
CHINA'S state oil major Sinopec is evaluating two projects in the United States that could boost Gulf Coast crude oil exports and also expand storage facilities in the Caribbean, two people familiar with the matter said on Tuesday, with United States President Donald Trump set to visit Beijing next week.
With US-China energy trade likely to feature prominently during Mr Trump's visit, the people said one of the projects could see Sinopec partnering US commodities trader Freepoint Commodities LLC and US private equity firm ArcLight Capital Partners LLC.
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