Trump Says US to Get New Oil Refinery With Reliance Backing

The Port of Brownsville in Brownsville, Texas.

Photographer: Cheney Orr/Bloomberg

President Donald Trump said the US will get its first new oil refinery in 50 years with the help of investment from India’s Reliance Industries Ltd.

“I am proud to announce that America First Refining is opening the FIRST new U.S. Oil Refinery in 50 YEARS in Brownsville, Texas,” Trump said Tuesday in a postBloomberg Terminal on Truth Social.