'Historic $300bn deal': Trump announces Reliance investment to build American oil refinery

2026-03-11 - 02:43

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