Disregard Reports Concerning Our Akwa Ibom Refinery – BUA Refinery

The Management of BUA Refinery has said its refinery project in Akwa Ibom was still under construction and not nearing completion.

In a statement on Sunday, BUA Refinery said it was committed strengthening the country’s refining capacity and energy security.

Naija News reports that the BUA Refinery project in Akwa Ibom was estimated to be processing 200,000 barrels of crude oil per day.

The statement advised Nigerians to disregard reports that the refinery construction was at 90% completion.

It read: “Contrary to a misleading report stating that our 200,000 barrels/day refinery is at 90% completion, BUA wishes to advise the public to disregard such misleading reports that did not emanate from us.

“As we make remarkable strides on our Akwa Ibom refinery project, we are proud to share that construction is progressing steadily. 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 publicis advised to verify any news through our official channels and platforms so as not to be misled by mischievous persons.

“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 $3.5billion 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.

“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.”