ENERGYBUA Group chooses French giant, Axen, for its multibillion dollar refinery project..

ENERGYBUA Group chooses French giant, Axen, for its multibillion dollar refinery project
The new refinery is expected to be operational in 2024.


The largest hydrocarbon firm in France, Axens has won the bid for the multibillion-dollar BUA Group’s 200,000 barrels per day (BPD) refinery and petrochemical plant in Nigeria.

The French giant was given the contract to license key refinery technologies to the BUA Group.

While making the disclosure in a statement on Tuesday, September 1, 2020, the French company stated that the BUA project will be located in Nigeria’s oil-producing state of Akwa Ibom state.

Axen, which makes systems to convert oil and biomass to cleaner fuels, said it will provide technology for the greenfield project designed to produce Euro-V fuels and polypropylene targeted at domestic and regional markets.

The new refinery and petrochemical project is expected to go head to head with Nigeria’s other large scale 650,000 BPD oil refinery and petrochemical project, which is being built by the Dangote Group and expected to be operational by 2021.


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ENERGYBUA Group chooses French giant, Axen, for its multibillion dollar refinery project
The new refinery is expected to be operational in 2024.

Published 40 mins ago on September 1, 2020By Chike Olisah NPA Decommissioning of Port Harcourt Terminal: We'll vigorously defend, protect our rights - BUA Group, NPA and BUA Group dispute to affect 1000 jobs, $500,000 monthly revenue, Terminal closure: BUA clears air on NPA’s claims , Forbes 2020 world’s richest rankings released: Only 4 Nigerians make exclusive billionaires list
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The largest hydrocarbon firm in France, Axens has won the bid for the multibillion-dollar BUA Group’s 200,000 barrels per day (BPD) refinery and petrochemical plant in Nigeria.

The French giant was given the contract to license key refinery technologies to the BUA Group.

While making the disclosure in a statement on Tuesday, September 1, 2020, the French company stated that the BUA project will be located in Nigeria’s oil-producing state of Akwa Ibom state.

Axen, which makes systems to convert oil and biomass to cleaner fuels, said it will provide technology for the greenfield project designed to produce Euro-V fuels and polypropylene targeted at domestic and regional markets.

The new refinery and petrochemical project is expected to go head to head with Nigeria’s other large scale 650,000 BPD oil refinery and petrochemical project, which is being built by the Dangote Group and expected to be operational by 2021.

first bank
Nairametrics had reported that the Department of Petroleum Resources said that Nigeria expects to become a net exporter of fuel and other petroleum products within the next 2 years as the various ongoing refinery projects come on stream.

BUA Group, who also have interests in cement, food and mining said, ‘’This large complex will help in reducing Nigeria’s dependence on imported fuels and petrochemicals.’’

The new refinery, which has a capacity to produce 200,000 barrels per day, is expected to be operational in 2024.

The bidding process for the contract was reported to be managed by energy consultants, KBR, which will also be handling subsequent rounds for the engineering and construction phase.

Subsequent bidding rounds, which includes construction and engineering contracts, are already underway. The refinery will be built using an undisclosed mix of debt and equity, with several commercial banks in negotiations with BUA Group.

The contract was signed in the French capital, Paris, between the Chairman of BUA Group, Abdulsamad Rabiu and the Chief Executive Officer of Axen, Jean Sentenac, in a ceremony presided over by France’s Minister Delegate for Foreign Trade and Economic Attractiveness.

The French Firm, Axen, was reported to have overcome strong competition from US firm, Honeywell UOP, which got through to the final round..

Note: French Firm, Axen, is currently the largest hydrocarbon company in France..

Lalasticlala... Mynd44

https://nairametrics.com/2020/09/01/bua-group-chooses-french-giant-axen-for-its-multibillion-dollar-refinery-project/

A

All these refineries...pray dat wen other are fully on renewables we wil nt be....
Dat guy b4 dis comment, why na

marvelphysics:
All these refineries...pray dat wen other are fully on renewables we wil nt be....
Dat guy b4 dis comment, why na

Since is private am cool with it..
Secondly Nigeria is now waking up owing to the threat post by the Chinese loan the collected

Let's wait and see

ggirl4real:
Let's wait and see

You might be right but BUA group doesn't look audio to me

NkanAkpanika:
ENERGYBUA Group chooses French giant, Axen, for its multibillion dollar refinery project..

ENERGYBUA Group chooses French giant, Axen, for its multibillion dollar refinery project
The new refinery is expected to be operational in 2024.


The largest hydrocarbon firm in France, Axens has won the bid for the multibillion-dollar BUA Group’s 200,000 barrels per day (BPD) refinery and petrochemical plant in Nigeria.

The French giant was given the contract to license key refinery technologies to the BUA Group.

While making the disclosure in a statement on Tuesday, September 1, 2020, the French company stated that the BUA project will be located in Nigeria’s oil-producing state of Akwa Ibom state.

Axen, which makes systems to convert oil and biomass to cleaner fuels, said it will provide technology for the greenfield project designed to produce Euro-V fuels and polypropylene targeted at domestic and regional markets.

The new refinery and petrochemical project is expected to go head to head with Nigeria’s other large scale 650,000 BPD oil refinery and petrochemical project, which is being built by the Dangote Group and expected to be operational by 2021.


SEARCH
nairametrics
Nairametrics
Nairametrics
ENERGYBUA Group chooses French giant, Axen, for its multibillion dollar refinery project
The new refinery is expected to be operational in 2024.

Published 40 mins ago on September 1, 2020By Chike Olisah NPA Decommissioning of Port Harcourt Terminal: We'll vigorously defend, protect our rights - BUA Group, NPA and BUA Group dispute to affect 1000 jobs, $500,000 monthly revenue, Terminal closure: BUA clears air on NPA’s claims , Forbes 2020 world’s richest rankings released: Only 4 Nigerians make exclusive billionaires list
SHARETWEET


The largest hydrocarbon firm in France, Axens has won the bid for the multibillion-dollar BUA Group’s 200,000 barrels per day (BPD) refinery and petrochemical plant in Nigeria.

The French giant was given the contract to license key refinery technologies to the BUA Group.

While making the disclosure in a statement on Tuesday, September 1, 2020, the French company stated that the BUA project will be located in Nigeria’s oil-producing state of Akwa Ibom state.

Axen, which makes systems to convert oil and biomass to cleaner fuels, said it will provide technology for the greenfield project designed to produce Euro-V fuels and polypropylene targeted at domestic and regional markets.

The new refinery and petrochemical project is expected to go head to head with Nigeria’s other large scale 650,000 BPD oil refinery and petrochemical project, which is being built by the Dangote Group and expected to be operational by 2021.

first bank
Nairametrics had reported that the Department of Petroleum Resources said that Nigeria expects to become a net exporter of fuel and other petroleum products within the next 2 years as the various ongoing refinery projects come on stream.

BUA Group, who also have interests in cement, food and mining said, ‘’This large complex will help in reducing Nigeria’s dependence on imported fuels and petrochemicals.’’

The new refinery, which has a capacity to produce 200,000 barrels per day, is expected to be operational in 2024.

The bidding process for the contract was reported to be managed by energy consultants, KBR, which will also be handling subsequent rounds for the engineering and construction phase.

Subsequent bidding rounds, which includes construction and engineering contracts, are already underway. The refinery will be built using an undisclosed mix of debt and equity, with several commercial banks in negotiations with BUA Group.

The contract was signed in the French capital, Paris, between the Chairman of BUA Group, Abdulsamad Rabiu and the Chief Executive Officer of Axen, Jean Sentenac, in a ceremony presided over by France’s Minister Delegate for Foreign Trade and Economic Attractiveness.

The French Firm, Axen, was reported to have overcome strong competition from US firm, Honeywell UOP, which got through to the final round..

Note: French Firm, Axen, is currently the largest hydrocarbon company in France..

Lalasticlala... Mynd44

https://nairametrics.com/2020/09/01/bua-group-chooses-french-giant-axen-for-its-multibillion-dollar-refinery-project/

Nice one from BUA group, he's really competing with dangote.

That's why Buhari, the petroleum Minister and his goons are doing last ditch cash out at our comatose refineries which are losing billions monthly without producing a single litre of product!

There is a thread already on this OP but nice one from you there..

NkanAkpanika:

Since is private am cool with it..
Secondly Nigeria is now waking up owing to the threat post by the Chinese loan the collected

Your comments shock me.. Nice point tho

NkanAkpanika:

You might be right but BUA group doesn't look audio to me

How can BUA be audio.. Hmmm