BUA Group has dismissed claims that its 200,000 barrels-per-day Akwa Ibom refinery project is 90% complete, labeling such reports as false and not emanating from the company. In an official statement issued on January 4, 2025, the group clarified that while the refinery is not yet at 90% completion, the construction is progressing steadily and remains on track to meet delivery timelines in collaboration with project partners.
The BUA Refinery and Petrochemicals project represents a significant milestone in boosting Nigeria’s refining capacity and strengthening the nation’s energy security. The company reaffirmed its commitment to transparency and advised the public to verify updates through official channels to avoid being misled by unverified reports.
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Beyond the refinery, BUA highlighted the rapid progress of its other energy projects, including a mini-LNG plant and new hybrid power plants being constructed across Nigeria. These projects aim to enhance the group’s existing 1,000MW captive power generation capacity, underscoring BUA’s dedication to addressing the nation’s energy needs.
BUA Group further emphasized its track record of success, having completed over 12 mega industrial projects worth $3.5 billion over the past decade. As milestones in the Akwa Ibom refinery project are achieved, the company pledged to provide verifiable updates to maintain public confidence in its transformative initiatives.
The statement concluded with an acknowledgment of public support, expressing gratitude for the enthusiasm surrounding the refinery and other industrial ventures aimed at fostering a self-reliant Nigeria.
