BUA Group will operate the upcoming Akwa Ibom III cracking refinery, proposed to be built at Akwa Ibom, Nigeria. According to GlobalData, who tracks and profiles more than 1,400 refineries worldwide, the integrated cracking refinery will be owned by BUA Group, with operations expected to start in 2024. Buy the profile here.

Key refinery processes

Crude Distillation Unit (mbd): 200
Vacuum Distillation (mbd): 96
Catalytic Cracker (mbd): 50
Hydrocracker (mbd): 48
Reformer (mbd): 38
Hydrotreater (mbd): 126
Alkylation (mbd): 6
Isomerization (mbd): 12

During the period 2021-2025, the Akwa Ibom III refinery cracking is expected to witness an estimated $4,262.4m of capex.

About BUA Group

BUA Group (BUA) is a conglomerate company. It provides food, infrastructure, mining, and manufacturing services. The company’s food products include flour, pasta, sugar, edible oil, and rice. It also manufactures cement. BUA ports operation services include berthing vessels, cargo discharge, storage and delivery. The company explores iron ore and steel in Kogi State, Central Nigeria. It carries out sugar refining and plantation, flour milling and pasta processing, oil milling, rice milling and plantation, and others. Its real estate services include residential, commercial, and mixed property development. The company’s projects include BUA Hills, BUA Court, BUA Business Park, BUA Towers, The BUA Place, and others in Nigeria. BUA is headquartered in Victoria Island, Lagos, Nigeria.

For more details on the Akwa Ibom III cracking refinery, buy the profile here.


GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.

This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.