Mar 11, 2026

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Reliance to invest billions of dollars in US, Trump announces new refinery to open after 50 years


Reliance Investment in US Refinery | US President Donald Trump has made a historic announcement to open the first new oil refinery in Texas in 50 years. India's leading company Reliance Industries Limited (RIL) has become an important partner in this project and is going to invest millions of dollars.

Historic $300 billion deal

US President Donald Trump has announced on his social media platform 'Truth Social' that 'America First Refining' is going to set up the country's first new refinery in Brownsville, Texas. Trump called it the largest $300 billion deal in American history.


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