Trump Announces Participation of India’s Oil Refinery Project for Texas
According to reports, Trump stated that the Indian conglomerate will partner in the development of a refinery at the Port of Brownsville. The project is being led by America First Refining, which intends to construct what would be the first new oil refinery built in the United States in decades.
“America is returning to REAL ENERGY DOMINANCE! Today I am proud to announce that America First Refining is opening the FIRST new U.S. Oil Refinery in 50 YEARS,” Trump said in a Truth Social post on Tuesday.
Details about the investment remain unclear. Reports indicated that it is uncertain whether the $300 billion figure refers strictly to the refinery project or represents a broader investment arrangement involving Indian participation.
Reliance Industries has not issued a public response to the announcement.
In a statement released Tuesday, America First Refining said it had secured “9-figure investment from a global supermajor at a 10-figure valuation.” The company also revealed that it has finalized a 20-year agreement to purchase, refine, and distribute shale oil.
The firm said construction is expected to begin during the second quarter of 2026.
According to the company, the project could help reduce the United States’ trade imbalance by $300 billion.
“The United States has a surplus of light shale oil but a shortage of refining capacity designed to process it. By building this refinery at the Port of Brownsville, we’re unlocking a major expansion of American energy production while creating thousands of high-paying jobs and strengthening our domestic supply chain,” Trey Griggs, president of America First Refining, said.
The announcement comes during a period of heightened tensions in the Middle East following US-Israeli strikes on Iran. The developments briefly drove global oil prices up to around $120 per barrel earlier in the week.
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