De Parrot Media Exclusive: BUA Refinery Update – Progressing Steadily, Dispels 90% Completion Claim
Port Harcourt, Nigeria – BUA Group has issued a statement clarifying the progress of its massive 200,000 barrels-per-day refinery and petrochemicals project in Akwa Ibom State. The company refutes recent reports claiming the refinery is 90% complete, calling them "misleading and inaccurate."
In an exclusive statement released to De Parrot Media, BUA confirmed that construction is progressing according to schedule, albeit at a pace different from that suggested in earlier, unsubstantiated reports. While the company did not disclose the exact percentage of completion, it emphasized that the project remains on track to meet its projected deadlines, thanks to collaborative efforts with its partners.
This ambitious undertaking, according to the statement, is a significant step towards bolstering Nigeria's refining capacity and fortifying its energy security. The refinery is just one facet of BUA's expansive energy portfolio. The company also highlighted the rapid advancement of its other energy projects, including a mini-LNG plant and several hybrid power plants across the nation. These additions will significantly boost BUA’s existing impressive 1,000MW installed captive power generation capacity.
The statement urged the public to rely solely on official BUA channels for accurate information, cautioning against the spread of misinformation. BUA reaffirmed its commitment to transparency and excellence, highlighting its track record of successfully completing over 12 mega industrial projects valued at over $3.5 billion in the last decade. The company pledged to continue providing verifiable updates only as significant milestones are achieved.
Concluding the statement, BUA expressed gratitude for public interest and enthusiasm in the transformative project, emphasizing its dedication to building a stronger, self-reliant Nigeria through industrial growth and manufacturing excellence.
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