Reliance industries to partner on $300 billion Texas oil refinery, Trump announces
India’s energy giant, Reliance Industries, is set to invest in a massive oil refinery project in Texas, marking a potentially historic step in US-India energy collaboration, according to US President Donald Trump. The proposed refinery, to be developed by America First Refining, is being hailed as the first new US oil refinery in 50 years, signaling a major expansion in domestic refining capacity amid rising global energy tensions.
President Trump, in a March 11 post on his Truth Social platform, announced that Reliance Industries would serve as a key partner in developing the new refinery at the Port of Brownsville, Texas. The project is being promoted as part of America’s return to “real energy dominance,” emphasizing the administration’s commitment to strengthening domestic energy infrastructure.
“The United States has a surplus of light shale oil but a shortage of refining capacity designed to process it,” said Trey Griggs, president of America First Refining. “By building this refinery at the Port of Brownsville, we’re unlocking a major expansion of American energy production while creating thousands of high-paying jobs and strengthening our domestic supply chain.”
The refinery is expected to process 1.2 billion barrels of US light shale oil, valued at approximately $125 billion, and produce 50 billion gallons of refined products worth $175 billion. This represents a significant redirection of US crude output, potentially redirecting up to 60 million barrels of domestic crude annually from export back into domestic refining-a step experts say could help reduce the trade imbalance.
While the exact breakdown of the reported $300 billion figure remains unclear, the investment is described as one of the largest in US energy history. Newsweek notes that it is........
