BlokchainB

President Donald Trump announced Tuesday that the U.S. will get its first oil refinery in 50 years, funded by investments from Indian billionaire Mukesh Ambani’s Reliance Industries.

“THIS IS A HISTORIC $300 BILLION DOLLAR DEAL — THE BIGGEST IN U.S. HISTORY,” Trump said in a post on Truth Social.

He thanked India’s largest privately held energy company, Reliance Industries, “for this tremendous Investment.”

econ

Construction_and_Engineering

> ## Key Points
>
> * Trump announced a $300 billion refinery project backed by Reliance Industries.
> * The plant was planned for Brownsville, Texas, processing U.S. shale oil.
> * Trump said it would be the first new U.S. refinery in 50 years.
>
> #
>
> President Donald Trump announced Tuesday that the U.S. will get its first oil refinery in 50 years, funded by investments from Indian billionaire Mukesh Ambani’s Reliance Industries> .
>
> “THIS IS A HISTORIC $300 BILLION DOLLAR DEAL — THE BIGGEST IN U.S. HISTORY,” Trump said in a post on Truth Social.
>
> He thanked India’s largest privately held energy company, Reliance Industries, “for this tremendous Investment.”
>
> [**...read more at cnbc.com**](https://www.cnbc.com/2026/03/11/trump-us-oil-refinery-reliance-ambani-texas-india-shale-wti.html)

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