India’s Reliance Industries group will partner in building the US first oil refinery in 50 years in a $300 billion deal, the American President Donald Trump announced on his social media page Truth Social.
“Thank you to our partners in India, and their largest privately held Energy Company, Reliance, for this tremendous Investment,” Trump said.
“America is returning to REAL ENERGY DOMINANCE! Today I am proud to announce that America First Refining is opening the FIRST new U.S. Oil Refinery in 50 YEARS in Brownsville, Texas. THIS IS A HISTORIC $300 BILLION DOLLAR DEAL — THE BIGGEST IN U.S. HISTORY, A MASSIVE WIN for American Workers, Energy, and the GREAT People of South Texas!” Trump said.
Trump added: “It is because of our America First Agenda, streamlining Permits, and lowering Taxes, that have attracted Billions of Dollars in Deals coming back to our Nation.”
He said a new refinery at the Port of Brownsville, will fuel US Markets, strengthen its national security, boost American Energy production, and deliver billions of dollars in Economic impact.
Trump said the proposed refinery will be the cleanest in the world.
“It will power Global Exports, and bring THOUSANDS of long overdue Jobs and Growth to a Region that deserves it. This is what AMERICAN ENERGY DOMINANCE looks like. AMERICA FIRST, ALWAYS!” Trump said.
Reliance Industries is yet to comment on the subject.