Paragraph 1: Clarification on Refinery Project Completion Status
BUA Refinery and Petrochemicals has issued a statement categorically refuting a misleading report that claimed their 200,000 barrels per day refinery project in Akwa Ibom, Nigeria, was 90% complete. The company unequivocally stated that the report’s assertion is inaccurate and urged the public to disregard such misinformation. While acknowledging that the refinery is not yet at the purported 90% completion stage, BUA assured stakeholders that the project remains firmly on track to meet its planned delivery timelines. This clarification underscores the company’s commitment to transparency and accurate information dissemination regarding its projects.
Paragraph 2: Reaffirmation of Project Timelines and Collaboration
Despite the misleading report, BUA emphasized its unwavering commitment to delivering the refinery project as scheduled. The company highlighted the collaborative efforts with its partners in driving the project forward and ensuring its successful completion. BUA’s commitment to adhering to the established timelines reflects its dedication to contributing significantly to Nigeria’s refining capacity and enhancing the nation’s energy security. This reassurance reinforces BUA’s reputation for delivering on its promises and underscores the importance of relying on official channels for accurate project updates.
Paragraph 3: Broader Energy Initiatives and Capacity Enhancement
In addition to the Akwa Ibom refinery, BUA outlined its broader energy initiatives, which include the construction of a mini-LNG plant and multiple hybrid power plants across Nigeria. These projects are strategically designed to augment BUA’s existing captive power generation capacity, which currently exceeds 1,000 MW. This expansion of energy infrastructure demonstrates BUA’s commitment to bolstering Nigeria’s energy sector and supporting the nation’s industrial growth. The integration of these energy projects reflects BUA’s holistic approach to development and its dedication to creating a robust energy ecosystem.
Paragraph 4: Importance of Verifying Information through Official Channels
BUA strongly emphasized the critical importance of verifying information through official channels to avoid being misled by inaccurate or malicious reports. The company urged the public to rely solely on information disseminated through its official platforms and designated spokespersons. This call for caution underscores the prevalent issue of misinformation and highlights the need for responsible information consumption, particularly regarding significant infrastructure projects like the Akwa Ibom refinery.
Paragraph 5: BUA’s Track Record of Delivering Major Industrial Projects
To further bolster its credibility and reassure stakeholders, BUA highlighted its impressive track record of successfully completing over 12 major industrial projects in the past decade. These completed projects represent a total investment exceeding $3.5 billion and underscore BUA’s established expertise in executing large-scale industrial ventures. This proven track record provides tangible evidence of BUA’s capacity to deliver on its commitments and instills confidence in the timely completion of the Akwa Ibom refinery.
Paragraph 6: Commitment to Transparency and a Self-Reliant Nigeria
BUA reiterated its unwavering commitment to transparency and open communication with the public. The company pledged to continue providing verifiable and accurate updates on the refinery project as key milestones are achieved. This commitment to transparency reinforces BUA’s dedication to building trust with stakeholders and ensuring access to reliable information. Furthermore, BUA reaffirmed its dedication to strengthening Nigeria’s industrial and manufacturing base, contributing to a more self-reliant nation. The Akwa Ibom refinery, along with BUA’s other energy projects, plays a crucial role in achieving this vision and driving Nigeria’s economic development.
