Bua Refutes Claims Of 90 Refinery Completion

Nigerian industrial conglomerate BUA Group has denied claims that its 200,000 barrels per day refinery in Akwa Ibom is 90 per cent completed.

In a statement on Sunday, the management said the 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," the group said.

"This BUA Refinery Petrochemicals project represents a significant milestone in strengthening Nigeria's refining capacity and energy security.

"Our other energy projects, including constructing a mini-LNG plant and several new hybrid power plants across the country to add capacity to our over 1,000MW installed captive power generation capacity, are also progressing rapidly.