U.S. President Donald Trump announced Tuesday that Indian energy giant Reliance Industries was backing a deal to build the first new major oil refinery in the U.S. in half a century, in what he described as "tremendous" investment.
Trump shared the deal via his Truth Social platform, saying that the company named America First Refining would construct the new facility at the Port of Brownsville, Texas.
"This is a historic $300 billion dollar deal β the biggest in U.S. history," Trump wrote, framing the project as a cornerstone of his energy agenda, but offering no details on the plan.
"Thank you to our partners in India, and their largest privately held Energy Company, Reliance, for this tremendous Investment," he said, with
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