BUA Gives Update On Completion Of $3.8bn Refinery

BUA Refinery and Petrochemical has announced that it is on track to complete its $3.8 billion plant in Akwa Ibom.

In a statement on Saturday, the firm dismissed reports that the refinery is 90 percent complete.

The clarification comes amid reports that the 200,000-barrel-per-day refinery is 90 percent completed.

However, the company described the report as misleading.

“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 lbom refinery project, we are proud to Share that construction is progressing steadily. Whilst the refinery is not at 90 percent completion, we are, however, on track to meet our delivery timelines in collaboration with our partners,” the company issued.