Trump Announces $300 Billion Texas Oil Refinery Project, Thanks India’s Reliance Industries for Key Investment Support

Brief by Shorts91 Newsdesk / 03:42am on 11 Mar 2026,Wednesday International

U.S. President Donald Trump has announced plans to build a major oil refinery in Brownsville, Texas, thanking India’s Reliance Industries for its investment support. The project, led by America First Refining, is expected to be the first new oil refinery built in the United States in nearly 50 years. Trump described the initiative as a historic deal worth up to $300 billion that will boost American energy production, strengthen national security, and create thousands of jobs. Located at the Port of Brownsville, the refinery will process American shale oil and supply fuel for domestic markets and exports, strengthening energy cooperation between the U.S. and India. (PC: AP)

Read More at The Hindu

Menu