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00:02President Trump announced plans for a proposed $300 billion oil refinery in Brownsville,
00:07Texas, backed by Indian billionaire Mukesh Ambani's Reliance Industries.
00:12In a Truth Social post, Trump said the project would be the first new U.S. oil refinery in 50
00:17years and part of an effort to boost domestic energy production and economic ties with global
00:22partners. The refinery, developed by America First Refining, will process 100% U.S. shale oil.
00:28According to the Indian Express, construction is expected to begin in the April to June quarter.
00:34Trump called the proposed $300 billion refinery investment the largest deal in U.S. history,
00:40describing it as a step toward renewed U.S. energy dominance.
00:44The refinery will process 1.2 billion barrels of light shale CR.
00:48For all things money, visit Benzinga.com.
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