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

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.

Mar 11, 2026 - 10:30
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'Historic $300 billion deal': Trump announces Reliance investment to build first new US oil refinery in 50 years
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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