BUA Group Sheds More Light on Refinery

• BUA Making Significant Progress On Other Energy Initiatives Across Nigeria
• BUA Group Says Akwa Ibom Refinery Project Isn’t At 90%
• BUA Refinery and Petrochemicals Project Represents a Major Milestone In Strengthening Nigeria’s

BUA Refinery and Petrochemicals has responded to claims regarding the progress of their 200,000 barrels per day refinery in Akwa Ibom.

Eko Hot Blog gathered that the project is not at 90% completion, however BUA maintained that remarkable progress has been made and that construction is proceeding as planned.

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This was made known in a release made available on the Group’s official X (formerly Twitter) account early Sunday.

“Whilst the refinery is not at 90 percent completion, we are however on track to meet our delivery timelines in collaboration with our partners.

“This BUA Refinery and Petrochemicals project represents a major milestone in strengthening Nigeria’s refining capacity and energy security,” the management said.

In addition to its Akwa Ibom refinery project, it is making significant progress on other energy initiatives across Nigeria.

These projects include the construction of a mini-LNG plant and several new hybrid power plants, which will further expand the company’s existing installed captive power generation capacity of over 1,000 megawatts.

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The management reaffirmed their dedication to transparency and excellence by highlighting the successful completion of 12 mega industrial projects totaling over $3.5 billion in the past 10 years.

The management promised to update the public with verifiable and accurate information only where necessary, and as milestones are achieved.

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