Trump says U.S. will build first refinery in 50 years with investment from India's Reliance Industries

U.S. President said India's largest private energy company Reliance Industries is investing in a $300-billion refinery project in Texas.

# Trump says U.S. will build first refinery in 50 years with investment from India's Reliance Industries U.S. President said India's largest private energy company Reliance Industries is investing in a $300-billion refinery project in Texas. **Read the full article:** [CNBC](https://www.cnbc.com/2026/03/11/trump-us-oil-refinery-reliance-ambani-texas-india-shale-wti.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*