The Management of BUA Refinery and Petrochemicals has dismissed the misleading reports that its 200,000 barrels/day refinery is at 90% completion.
BUA group dismissed the reports in a statement on Saturday.
It said “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.
The BUA Refinery and Petrochemicals project represents a major milestone in strengthening Nigeria’s refining capacity and energy security.
The group disclosed that its 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 its over 1,000MW installed captive power generation capacity, are also progressing rapidly.
It therefore, advised the public to verify any news through its official channels and platforms so as not to be misled by mischievous persons.
“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”, the group said in the statement.
