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October 21, 2021

Akwa Ibom III Refinery, Nigeria

By Carmen

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



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

Contractors involved in the refinery

Some of the key contractors for the upcoming projects at the Akwa Ibom III refinery include the following.

Design/FEED: KBR.

About BUA Group


BUA Group (BUA) is a conglomerate company. The company through its subsidiaries operates in food and infrastructure business division. Its food business comprises in manufacturing of sugar, edible oils and rice; infrastructure business manufactures cement and iron and steel. It also operates in real estate, port and terminals. The company sells its products through a network of distribution channel to domestic and overseas market. It has operations across 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.

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