Power Shift

Trump Announces First New U.S. Oil Refinery in 50 Years With Reliance Backing

Sourced from 3 publications

  • •President Trump announced the construction of the first new U.S. oil refinery in 50 years, to be built at the Port of Brownsville, Texas.
  • •India's Reliance Industries is providing investment backing for the project, which Trump described as part of a $300 billion deal.
  • •The specific amount of Reliance's individual investment in the refinery has not been publicly detailed.
  • •Trump publicly thanked Reliance Industries for its financial commitment to the project, according to Business Standard.
  • •The announcement was reported by Bloomberg, CNBC, and Business Standard, each confirming Reliance's involvement in the Texas refinery.

Sources

Trump says U.S. will build first refinery in 50 years with investment by India's...

Cnbc

Trump announces new oil refinery in Texas, thanks Reliance for investment

Business-standard

Trump Says US to Get New Oil Refinery With Reliance Backing

Bloomberg

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Curated from 3 sources. Every summary is reviewed for accuracy, but may still contain errors. We always link to original sources for verification.

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