The post Trump announces opening of America’s first new oil refinery in 50 years appeared on BitcoinEthereumNews.com.

Donald Trump on Tuesday said a new oil refinery is coming to Brownsville, Texas, calling it the first new U.S. oil refinery in 50 years, calling it ‘America First Refining,’ and saying it will be built at the Port of Brownsville. Trump described it as a $300 billion deal and claimed Indian partners are involved, including Reliance, which he called India’s largest privately held energy company. He said the refinery will supply U.S. markets, support exports, raise American energy production, strengthen national security, create thousands of jobs, and bring major economic activity to South Texas. Trump also tied the refinery plan to his tax and permit policies. In his post, he said, “America is returning to REAL ENERGY DOMINANCE!” He added:- “Today 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 also said, “THIS IS A HISTORIC $300 BILLION DOLLAR DEAL,” and thanked partners in India and Reliance for the investment. He said lower taxes and faster permits helped pull large deals back into the country. Trump also claimed the new site will be “THE CLEANEST REFINERY IN THE WORLD” and said it will bring long overdue jobs and growth to the region. White House tries to calm fears as oil prices jump The refinery announcement came as the Trump administration tried to cool public concern over rising energy prices linked to Washington’s war with Iran. On Tuesday, the White House said the recent jump in oil and gas prices would not last. That message came after a sharp rise on Monday, when crude climbed above $119 a barrel, the highest level since June 2022. Supply cuts from Saudi Arabia and other producers added to fears that global flows could face more pressure. At a…

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Filed under: News - @ March 11, 2026 1:12 am