200,000 BPD Refinery To Commence Production In Akwa Ibom, 2024

The industrialization policy of Governor Udom Emmanuel is gathering steam with more investments berthing Akwa Ibom state through the foreign direct investment programme of the Administration.

The latest is the signing of a progress acknowledgment statement between BUA Group and Axens of France for the former’s proposed 200,000barrels per day refinery in Akwa Ibom State.


With a target of between three to four years for construction, the BUA Group has noted that the refinery is expected to be operational by 2024 all things being equal.

Speaking at the ceremony earlier this week, Chairman of BUA Group, Abdul Samad Rabiu stated that the refinery, when fully operational, would reduce the huge cost of transporting crude oil offshore, refining it and bringing it back into the country.


Rabiu added that the decision to site the refinery in Akwa Ibom – Southern Nigeria was strategic due to the huge availability of raw materials and its proximity to export petroleum products to regional countries.


He added that the multi-billion-dollar integrated 200,000 bpd refinery and petrochemicals plant will be producing Euro-V fuels and Polypropylene for the domestic and regional markets.

BUA explained that Axens was selected, after a comprehensive process, for its advanced technology licenses, basic engineering, catalysts and adsorbents, proprietary equipment, training and technical services.


The French President, Emmanuel Macron  commended the Chairman of BUA Group, Rabiu, for his commitment to the development of lasting relationships between French and Nigerian businesses.


Represented by Franck Riester, the French Minister for Foreign Trade and Attractiveness, Marcon invited Abdul Samad to the “Choose France Summit” and said his administration is ever ready to support people-oriented and developmental projects in Nigeria.


“I am very pleased to see how committed Abdul Samad Rabiu is for the refinery and in the space of philanthropy,” Macron said.


#pdpgf

Comments

Post a Comment

Popular posts from this blog

Education Remains a Top Priority of Our Policy Thrust: Gov. Fubara

Image
The Rivers State Government says it will continue to place education as one of the top most priorities of its policy thrust. Governor Sir Siminalayi Fubara stated this during the 34th Convocation Ceremony of the University of Port Harcourt on Saturday 24th February, 2024. The Governor who spoke through his Deputy, Professor Ngozi Nma Odu, said although the University of Port Harcourt is a Federal University the State Government would continue to support and collaborate with it to place it in a path that  would be the envy of other institutions. “We shall support you because whenever we add value to this institution, you add double value to whatever we have placed before you and we shall continue to ensure that you are given a place of high distinction and excellence”, the Governor stressed. Governor Fubara disclosed that his administration was desirous to create the enabling environment to ensure Rivers State remains a preferred destination to achieve quality education in the count...
Read more

Governor Mutfwang Crowns New Ngolong Ngas, HRH Nde Jika Golit

Image
The Executive Governor of Plateau State, Barr. Caleb Manasseh Mutfwang, has performed the coronation of the New Ngolong Ngas, Nde Jika Golit. The ceremony is coming nine years after the demise of the late Ngolong Ngas, Nde Joshua Dimlong. Governor Mutfwang, who performed the presentation of staff of office and certificate to the New Ngolong Ngas at the Pankshin Township Stadium, praised the Ngas Nation for a rancor-free selection process of the new Ngolong Ngas. He warned mischief makers against needless court actions that are capable of delaying or frustrating the selection and installation of traditional rulers in the state. He also implored citizens to alway accept the will of God in all circumstances. "I congratulate the Ngolong Ngas, Nde Jika Golit, on his ascension to the throne of his ancestors. His selection by the kingmakers, through a peaceful and rancor-free atmosphere, is worthy of emulation by other ethnic groups in the state." the Governor stated. "Let me s...
Read more

COMMUNIQUE ISSUED BY THE PDP GOVERNORS’ FORUM AT THE END OF AN ENLARGED MEETING ON TUESDAY, OCTOBER 22, 2024

Image
The PDP Governors’ Forum under the leadership of H.E. Governor Bala A. Mohammed, CON, held an enlarged meeting at the Bauchi State Governors’ Lodge, Tatari Ali House, Asokoro on Tuesday, October 22, 2024. Rising from the consultative meeting of the various organs of the Peoples Democratic Party, PDP, the Party resolved as follows: 1. The National Executive Committee, NEC, meeting originally slated for October 24, 2024, has been rescheduled to November 28, 2024. 2. The postponement is to ensure that the party goes into the forthcoming Ondo gubernatorial elections of November 16, 2024 with the unity and strength demanded to unseat the floundering All Progressive Congress, APC government in the state. 3. Reiterating the need for unity in the face of efforts by detractors to divide the party, the meeting called on all members to shun divisive utterances that could undermine ongoing efforts at strengthening the party to effectively play its role as the country’s main opposition, preparatory...
Read more