Does Sinclair Oil Refinery have the similar dimension as Dangote Refinery?



Does Sinclair Oil Refinery have the similar dimension as Dangote Refinery?

Declare: In a video revealed on Instagram, widespread Afrobeats singer Seun Kuti known as out the Chairman of the Dangote Team, Aliko Dangote, announcing the Federal Executive spent $2bn to buy a 20 consistent with cent stake in Dangote Refinery, week an identical quantity used to be old to shop for all the Sinclair Refinery in The united states. He famous that each refineries have the similar dimension.

He stated, “Do you know how much the Federal Government put into the refinery? They gave $2bn. I did a live stream the day they announced they had given Dangote $2bn for 20 per cent of that refinery. That same day, Sinclair Oil in America sold the same size of refinery with rail tracks, trains, and other things for $2bn. The same Dangote has the audacity to come outside and say the government is sabotaging him.”

Findings

Seun Kuti is a widespread Afrobeats artiste with a massive following on social media. The are living video, which he titled, “Organised abandonment, misinformation and miseducation” were watched by means of greater than 160,000 of his Instagram fans and shared by means of other blogs.

In step with knowledge from the authentic web site of Dangote Team, the Dangote Refinery is the sector’s greatest single-train facility which has 1,100 kilometres to deal with 3bn Usual Cubic Bottom of fuel consistent with time. The refinery, constructed by means of Aliko Dangote, used to be introduced on Might 22, 2023, however commenced operation on Friday, January 12, 2024, then taking supply of six million barrels of crude oil.

Located within the Lekki Sovereign Zone akin Lagos, the refinery has 4.78bn litres of storagefacility capability for delicate petroleum merchandise and is designed to manufacture as much as 50m litres of gas and 15m litres of diesel a time. The refinery is a 650,000bpd built-in venture.

Then again, the Sinclair Oil Corporate operates an 85,000 barrel-per-day refinery in Sinclair, Wyoming, and a 25,000bpd refinery in Casper, Wyoming. The 2 refineries (110,000 bdp) procedure crude from the Rocky Mountain patch, week the Sinclair operation additionally runs Canadian crude.

In step with Reuters, the corporate has 1,500 branded gas stations throughout 29 states in the United States. It’s best recognized for its trademark inexperienced dinosaur mascot, Dino, open on fuel station indicators and depicted in a balloon that has flown within the Macy’s Thanksgiving Year Parade in Unutilized York a number of occasions. The corporate additionally has a community of crude oil and finished-product pipelines and terminals within the Rocky Mountain and midcontinent areas.

The Encyclopedia of Oklahoma Historical past and Tradition confirmed that Harry Ford Sinclair (1876–1956) shaped the Sinclair Oil and Refining Company on Might 1, 1916, as a completely built-in corporate with manufacturing, pipeline, refining, and product distribution features. The 2 refineries of the American oil corporate have been, on the other hand, obtained for $2.6bn by means of HollyFrontier Company in August 2021.

In February 2024, the Dangote Refinery used to be ranked the 7th biggest refinery on the planet by means of NS Power and SK Power, however the American refinery used to be now not a number of the lead 10 at the listing.

In August 2021, a former Minister of Atmosphere for Petroleum, Timipre Sylva, stated the Federal Govt Council approved the purchase of a 20 consistent with cent stake in Dangote Refinery for $2.76bn. However just lately, Dangote viewable that the federal government’s stake within the refinery has decreased to 7.2 consistent with cent from the preliminary determine.

A Lecturer of Power with specialisation in Oil, Herbal Gasoline, Electrical energy, and Power Transitions on the College of Lagos, Dayo Ayoade, stated Kuti used to be flawed.

“How can Sinclair Oil Refinery be of the same level as Dangote Refinery of 650,000bpd? Seun is not an expert on energy. He is a musician and social activist. So, you can’t take him seriously on energy issue. Clearly, he is not correct on the claim because the Dangote refinery has just been built. It is not a refinery that has been on ground for years like Sinclair, which is an old refinery,” he added.

Verdict: The declare by means of son of the Afrobeats legend is fake

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