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Trump Announces $300 Billion Texas Refinery Deal with India's Reliance
The $300 billion project will process 60 million barrels of U.S. shale oil annually, create thousands of jobs, and aims to improve the U.S. trade balance by $300 billion, officials said.
- President Donald Trump said via Truth Social that America First Refining will build a refinery at the Port of Brownsville, Texas, backed by Reliance, calling it 'THIS IS A HISTORIC $300 BILLION DOLLAR DEAL-- THE BIGGEST IN U.S. HISTORY'.
- Amid a recent spike in oil prices caused by the West Asia conflict, officials framed the refinery as a way to boost domestic production and strengthen national security under an America First energy policy.
- Technical disclosures show the plant will process 100% American light shale oil with capacity of 60 million barrels per year and under a 20-year offtake will purchase 1.2 billion barrels valued at $125 billion, producing 50 billion gallons of refined products worth $175 billion.
- Brownsville municipal officials say America First Refining plans to break ground in Q2 2026, with a ceremonial groundbreaking expected in April 2026 and thousands of jobs created.
- Questions remain about Reliance's role and financing, as past efforts to build U.S. refineries stalled due to high costs and permits, linking to Element Fuels' $3–$4 billion 2024 plan.
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'REAL ENERGY DOMINANCE!' Trump announces 'historic' deal to open first oil refinery in 50 years.
The president has announced a massive deal to open the first oil refinery in the U.S. in 50 years in order to seek energy "dominance."President Donald Trump said in a post on Truth Social on Tuesday that the refinery would be built in Brownsville, Texas, and bring thousands of jobs to the region.'This is what AMERICAN ENERGY DOMINANCE looks like. AMERICA FIRST, ALWAYS!'"THIS IS A HISTORIC $300 BILLION DOLLAR DEAL — THE BIGGEST IN U.S. HISTORY, A…
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Presented by a dubaïote company named MJM Investments Limited, the project to take over the Moroccan refinery was an end to not receiving it from the Casablanca commercial court. Was the proposal really serious?
Coverage Details
Total News Sources130
Leaning Left11Leaning Right17Center29Last UpdatedBias Distribution51% Center
Bias Distribution
- 51% of the sources are Center
51% Center
L 19%
C 51%
R 30%
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