Washington: US President Donald Trump thanked India and its largest privately held energy company, Reliance, for backing what he described as a historic investment to build the first new oil refinery in the US in half a century.
Announcing the project in a post on Truth Social, he said the refinery will be built in Brownsville, Texas, as part of a USD 300 billion deal aimed at boosting American energy production and strengthening economic ties with international partners.
"Thank you to our partners in India, and their largest privately held Energy Company, Reliance, for this tremendous Investment," Trump said while unveiling the project.
Trump described the project as a major milestone for the country’s energy sector, saying it would mark the first new US oil refinery in 50 years. "America is returning to REAL ENERGY DOMINANCE," Trump said. "Today I am proud to announce that America First Refining is opening the FIRST new U.S. Oil Refinery in 50 YEARS in Brownsville, Texas."
He called the initiative "a historic $300 billion deal — the biggest in US history", adding that it would create thousands of jobs and drive economic growth in South Texas.
Trump said the refinery, planned at the Port of Brownsville, will help fuel domestic markets and increase exports while strengthening US national security. "A new refinery at the Port of Brownsville will fuel U.S. markets, strengthen our national security and boost American energy production," Trump said.
He also claimed the facility would become "the cleanest refinery in the world" while delivering billions of dollars in economic impact. The US president said the project would generate thousands of jobs and bring long-awaited economic development to the region.
