BUA Group will operate the upcoming Akwa Ibom III refinery, proposed to be built at Akwa Ibom in Nigeria. The integrated refinery will be owned by BUA Group and is expected to start operations in 2024.

Key processes of the refinery

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 is expected to witness an estimated capex of $4,262.4m.

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.


Information on the refinery is sourced from GlobalData’s refinery database that provides detailed information on all active and upcoming, crude oil refineries and heavy oil upgraders globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.