MON JAN 06 2025-theGBJournal| ”As we make remarkable strides on our Akwa Ibom refinery project, we are proud to share that construction is progressing steadily, BUA Refinery and Petrochemicals management said on Sunday, as it sought to clarify the stage work is at the multi-billion dollars refinery.
”Whilst the refinery is not at 90% completion, we are however on track to meet our delivery timelines in collaboration with our partners,” BUA Management added.
The BUA Refinery and Petrochemicals project, located at Akwa Ibom, represents a major milestone in strengthening Nigeria’s refining capacity and energy security.
The conglomerates 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.
”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’s management said.
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