By John Joseph
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BUA Group, one of Africa’s leading conglomerates, has provided an update on the progress of its $3.8 billion refinery project, which is nearing completion. The facility, located in Akwa Ibom State, Nigeria, is expected to significantly boost the country’s energy security and reduce its reliance on imported petroleum products. According to BUA Group’s management, the refinery is currently in the final stages of construction, with major equipment installation and testing underway. The company has assured that the project is on track to meet its scheduled completion date, despite the challenges posed by the COVID-19 pandemic and global economic uncertainty.Once completed, the BUA refinery will have the capacity to produce 10 million liters of petrol, 4 million liters of diesel, and 3 million liters of aviation fuel per day. This will not only meet Nigeria’s domestic fuel demands but also provide a surplus for export, generating significant revenue for the country.The project is also expected to create thousands of direct and indirect jobs, both during the construction phase and once the refinery becomes operational. This will have a positive impact on the local economy and contribute to Nigeria’s socio-economic development. BUA Group’s Chairman, Abdul Samad Rabiu, expressed his commitment to delivering the project on time and to the highest standards. “We are proud to be playing a key role in Nigeria’s energy security and economic growth. Our refinery will not only provide a reliable source of fuel for Nigerians but also help to reduce the country’s dependence on imported petroleum products,” he said.
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