We haven’t reached 90% completion — BUA Refinery

BUA Group said its 200,000 barrels per day, bpd refinery in Akwa Ibom State has not reached 90 per cent completion.

There was speculation that the refinery has reached 90 per cent completion, weekend.

Reacting in a statement, the management of the company, stated: “Whilst the refinery is not at 90% completion, we are however on track to meet our delivery timelines in collaboration with our partners.

“This BUA Refinery & Petrochemicals project represents a major milestone in strengthening Nigeria’s refining capacity and energy security.

“Our other energy projects, including the construction of a mini-LNG plant and several new hybrid power plants across the country to add additional capacity to our over 1,000MW installed captive power generation capacity, are also progressing rapidly.

“The public is advised to verify any news through our official channels and platforms so as not to be misled by mischievous persons.”

BUA Group also stated: “At BUA, we remain committed to transparency and excellence. 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.”

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