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Trump says India’s Reliance will back first new US oil refinery in 50 years

US president hails new project in Brownsville, Texas, as Iran war drives higher fuel prices

Editorial StaffMarch 11, 20261 min read

Updates

Update at 02:17 UTC on 2026-03-11

CNBC reported U.S. President announced a $300-billion refinery project in Texas backed by India's largest private energy company.

Sources: CNBC