The BUA group yesterday clarified that although its 200,000 barrels per day crude oil refinery located in Akwa Ibom, South-south Nigeria, was progressing and would be delivered on schedule, it was not yet 90 per cent completed as erroneously reported in some quarters.
The Abdul Samad Rabiu-led business conglomerate, in a statement yesterday, also stated that in the last 10 years, it had spent about $3.5 billion on 12 mega projects nationwide.
The refinery is expected to produce Euro-V fuels, including diesel, petrol, and jet fuel, as well as polypropylene.
It is also envisaged that it will use advanced technology to minimise environmental impact and ensure optimal production efficiency as well as reduce Nigeria’s reliance on imported fuels and petrochemicals.
“Contrary to a misleading report stating that our 200,000 barrels per day refinery is at 90 per cent 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 Ibom refinery project, we are proud to share that construction is progressing steadily.”
