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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

Taking stakes in oil infrastructure is also part of Sinopec's ambition to expand its global trading profile. Sinopec already owns part of a Saudi refinery at the Red Sea, although a recent attempt to buy a Chevron refinery in Cape Town was thwarted by Glencore plc.


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...

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