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OLAX Engineering Wins Significant PMC Agreement for Nigeria’s BUA Refinery

9/7/2021

OLAX Engineering of the United Kingdom announced this week that it had been awarded an Owners Engineers and Project Management Services Contract for the upcoming FEED phase of the grassroots BUA refinery to be placed in Ibeno, Akwa Ibom State, Nigeria. OLAX did not specify a contract value at the time, but the company did refer to it as a major contract. OLAX has already placed a project management team to oversee the contractors and licensors for the BUA complex, while the FEED project execution team will come from the company’s UK and Nigerian offices.

The multibillion-dollar 200,000 barrel per day BUA refinery is endeavoring towards a startup in 2024 and is being envisioned to produce Euro-V quality level fuels such as gasoline, diesel, jet fuel, and LPG for both domestic and regional markets. The BUA complex is also plotting a polypropylene unit for the production of 285,000 tons per year, also due onstream in 2024.