BREAKING: BUA Refinery Denies Claims Of 90% Completion, Assures Progress On Akwa Ibom Project

Uyo, Akwa-Ibom State– The management of BUA Refinery & Petrochemicals has refuted an online report claiming that its 200,000 barrels-per-day refinery in Akwa Ibom is 90% complete.

In a statement released on Sunday, the company clarified that while construction is progressing steadily, the project is not yet at the alleged completion milestone.

However, BUA affirmed that it remains on track to meet its delivery timelines in collaboration with its partners.

BUA urged the public to disregard misleading information and verify updates through the company’s official channels to avoid being misled by unverified reports.

The statement 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.

It said, “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.

According to the statement, “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.

“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,” BUA said.