'Historic $300 billion deal': Trump announces Reliance investment to build first new US oil refinery in 50 years

Mar 11, 2026 - 08:30
'Historic $300 billion deal': Trump announces Reliance investment to build first new US oil refinery in 50 years

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India's Reliance Industries is set to invest in America's first new oil refinery in 50 years, planned for Brownsville, Texas. US President Donald Trump announced the "historic" $300 billion deal, emphasising it will boost domestic energy production, create thousands of jobs, and strengthen national security.

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