The management of BUA Group has refuted a purported report claiming that the BUA Refinery and Petrochemicals in Akwa Ibom state is at 90 per cent completion.
A statement issued by the management on Saturday clarified that the 200,000 barrels per day refinery is not yet near completion.
However, the company is committed to meeting the completion timeline for the refinery.
The management added that the company’s other energy projects including a mini Liquefied Natural Gas plant, are also undergoing upgrades.
The management had said that it will complete the Refinery by the end of 2025.
The plant promises to produce Gasoline, Diesel, Jet fuel, and Propylene, which are key components for the petrochemicals industry.
BUA Refinery and Petrochemicals, upon completion, will join the list of private refineries in Nigeria.
