Wednesday, March 11, 2026

Trump announces first US oil refinery in 50 years to open in Texas with investment from an Indian company, a $300 billion project

Good news!

"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. ...

The refinery will process 1.2 billion barrels of U.S. light shale oil, valued at $125 billion, and produce 50 billion gallons of refined products worth $175 billion. ..."

Breaking News!

Trump says U.S. will build first refinery in 50 years with investment from India’s Reliance Industries


Disclaimer:
I am currently blogging from behind the Great Firewall of China.
My Internet service in China is very spotty. Thus, I am not able to blog as usual.

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