Lagos, Jan. 6, 2025 – The management of BUA Refinery and Petrochemicals says the refinery is scheduled for completion by 2025 year.
It denied media reports that the refinery is about 90% competed.
The company denied the reports in a statement and urged the public to disregard the misleading reports.
It said that the construction work at the refinery located in Akwa Ibom State was progressing steadily and on track to meet its delivery timelines of 2025 year end.
The statement reads in parts: “Contrary to a misleading report stating that our 200,000 barrels/day refinery is at 90 per cent completion, we wish to advise the public to disregard such misleading reports that did not emanate from us,” the statement read.
“While the refinery is not yet 90 per cent complete, BUA assured the public that the project remains on track.
“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,” the group 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,” the company said. (GBN)
