Trump Unveils New Texas Refinery with India Reliance
Trump announced a new 168,000 bpd refinery in Texas backed by India's Reliance. The facility will process shale oil and help reduce the bilateral trade deficit.
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President Donald Trump has announced the construction of a new oil refinery on the southern border of the United States, a major infrastructure project backed by RELIANCE INDUSTRIES LTD. The announcement was made as the administration addresses surging gasoline prices linked to the conflict involving Israel and Iran. The strategic partnership with India's largest private energy firm is expected to bolster American energy independence and influence the economic landscape ahead of the upcoming midterm elections.
"Thank you to our partners in India, and their largest privately held Energy Company, Reliance, for this tremendous Investment," Trump stated on the social media platform Truth Social.
