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Trump Announces First US Oil Refinery in 50 Years; $300B Reliance Deal Sparks Buzz

11 March,2026 06:25 PM IST

The United States takes a historic leap in energy production as President Donald Trump announces the first new oil refinery in 50 years, powered by a landmark $300 billion investment from India’s Reliance Industries. This groundbreaking project in Brownsville, Texas, is set to create thousands of jobs, inject billions into the U.S. economy, and strengthen America’s energy independence. Trump praises Reliance’s backing as a pivotal moment for the U.S. energy sector, emphasizing the strategic importance of the refinery in stabilizing oil and gas markets amid rising global tensions. With streamlined permits, tax incentives, and an “America First” approach, the Brownsville refinery aims to fuel domestic markets, boost exports, and enhance national security.

11 March,2026 06:25 PM IST

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