• Trump announces the first new US oil refinery in 50 years, supported by Reliance Industries.
• The deal is valued at $300 billion, marking the biggest investment in US history in this sector.
• The refinery will be located at the Port of Brownsville, Texas, and aims to strengthen energy security.

US President Donald Trump has officially announced a landmark deal to construct the first new oil refinery in the United States in half a century, backed by a monumental investment from India's Reliance Industries. This project will be located at the Port of Brownsville, Texas, and is framed as a cornerstone of Trump's energy agenda. He described it as a "historic $300 billion dollar deal — the biggest in US history," with aspirations to boost domestic energy production and job creation in the region, according to Indiatimes and Channel News Asia.

During his announcement made on Truth Social, Trump emphasized the project’s potential economic impact, stating that it would deliver "thousands of long overdue jobs." Reliance Industries is India's largest privately held company, renowned for owning the world's largest refinery in Jamnagar. This new facility, named America First Refining, represents a shift towards utilizing 100% American shale oil, addressing national energy needs amid current geopolitical challenges, according to Dawn and LA Times.

The Texas refinery, touted as the first constructed on the Gulf of Mexico since the 1970s, aims to enhance the United States’ energy independence and security. Plans indicate that the refinery could process approximately 160,000 barrels of oil per day upon completion. This initiative is pivotal as it aligns with the Trump administration's broader policy of energy dominance, which seeks to expand production across oil, natural gas, and coal sectors, as detailed by Channel News Asia and LA Times.