BUA clarifies stage of refinery amidst misleading reports
By Anas Abbas
BUA Refinery and petrochemicals has dismissed a report claiming that its 200,000 barrels/day refinery is 90% complete, describing it as misleading and inaccurate.
In a statement, The Daily Reality, gathered that, the company urged the public to disregard these misleading claims, emphasizing that they did not originate from BUA company.
The company confirmed that construction is progressing steadily and remains on track to meet its delivery timelines in collaboration with partners.
The Akwa Ibom refinery project is seen as a significant step towards enhancing Nigeria’s refining capacity and energy security.
In addition to the refinery, BUA is also advancing other energy initiatives, including a mini-LNG plant and new hybrid power plants across the country, aimed at increasing its existing captive power generation capacity of over 1,000 megawatts.
BUA also, encouraged the public to verify information through its official channels to avoid being misled by false reports. The company reiterated its commitment to transparency and excellence, noting that it has successfully completed over 12 major industrial projects worth more than $3.5 billion in the last decade.
As the Akwa Ibom project progresses, BUA expressed appreciation for the publics’ interest and support, affirming its dedication to building a robust industrial and manufacturing base for a self-reliant Nigeria.