India's Reliance Backs America's First New Oil Refinery in 50 Years

President Donald Trump announced Tuesday that America will build its first new oil refinery in half a century, backed by a landmark investment from India's Reliance Industries, the conglomerate led by billionaire Mukesh Ambani.​

Trump declared the project a "historic $300 billion dollar deal — the biggest in US history" in a post on Truth Social, thanking "our partners in India, and their largest privately held Energy Company, Reliance, for this tremendous investment."​

The refinery, to be developed by America First Refining at the Port of Brownsville in Texas, will sit on a 40,000-acre deepwater port site spanning a 70-mile stretch along the Gulf Coast. It is designed to process exclusively American shale oil and will supply fuel to both domestic US markets and international buyers.​​

Trump claimed the facility will be "the cleanest refinery in the world," pledging it will strengthen national security, boost American energy production, create thousands of jobs in South Texas, and deliver billions of dollars in regional economic impact.​

Reliance Industries, which already operates the world's largest oil refinery complex in Jamnagar, India, saw its share price rise following the announcement. The project marks a significant deepening of the India-US strategic energy partnership at a critical moment in global energy geopolitics.