By Kolawole Ojebisi
BUA Group, an industrial conglomerate, on Sunday, said while construction work at its refinery is progressing steadily, the 200,000 barrels per day plant in Akwa-Ibom is not 90 percent completed.
The industrial conglomerate made the clarification following the reports making the rounds that BUA refinery would soon join Dangote’s as two private plants in the country.
Reacting to the widespread claim on Sunday, the management of BUA said,
“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 said over $3.5 billion worth of mega industrial projects have been completed within the past decade.
“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.
