Nigerian industrial conglomerate BUA Group has dismissed claims that its 200,000 barrels per day refinery is at 90 per cent completion.
The management of the group in a press statement issued on Sunday urged the public to disregard the misleading reports as it did not emanate from the company.
It , however, stated that remarkable strides are being made in the Akwa Ibom refinery project, adding that construction is progressing steadily.
“Whilst the refinery is not at 90 per cent completion, we are however on track to meet our delivery timelines in collaboration with our partners. This BUA Refinery and Petrochemicals project represents a major milestone in strengthening Nigeria’s refining capacity and energy security,” the management said.
It revealed that 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 our over 1,000MW installed captive power generation capacity, are also progressing rapidly.
Reiterating its commitment to transparency and excellence, the management cited its consistency with over 12 of its completed mega industrial projects worth over $3.5 billion in the past 10 years.
The management promised to update the public with verifiable and accurate information only where necessary, and as milestones are achieved.
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