BUA Refinery and Petrochemicals has dismissed a report claiming that its 200,000 barrels/day refinery in Akwa Ibom is 90% complete, describing it as “misleading” and not emanating from the company.
In a statement, the management of BUA Refinery said, “As we make remarkable strides on our Akwa Ibom refinery project, we are proud to share that construction is progressing steadily.” However, the company clarified that the refinery is not at 90% completion, contrary to the misleading report.
“We are however on track to meet our delivery timelines in collaboration with our partners,” the statement added. “This BUA Refinery & Petrochemicals project represents a major milestone in strengthening Nigeria’s refining capacity and energy security.”
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The company also provided an update on its other energy projects, including the construction of a mini-LNG plant and several new hybrid power plants across the country. “These projects are progressing rapidly and will add to our over 1,000MW installed captive power generation capacity,” the statement said.
BUA Refinery advised the public to verify any news through its official channels and platforms to avoid being misled by “mischievous persons.” The company reaffirmed its commitment to transparency and excellence, saying, “As we have consistently done with over 12 of our completed mega industrial projects worth over $3.5 billion in the past 10 years, we will continue to keep you updated with verifiable and accurate information only where necessary, and as milestones are achieved.”
The company expressed appreciation for the public’s interest and enthusiasm for the project, stating, “We appreciate the public’s interest and enthusiasm for this transformative project as we work together in building a stronger industrial and manufacturing base for a self-reliant Nigeria.”