For the first time in half a century, an oil refinery will be built in the United States
11 March 10:30
US President Donald Trump has announced that a new large oil refinery will be built in the country for the first time in 50 years. This was reported by "Komersant Ukrainian" with reference to his post on the social network Truth Social.
According to Trump, the US is returning to true energy dominance.
“Today, I am proud to announce that America First Refining is opening the first new oil refinery in the US in 50 years in Brownsville, Texas,” the publication says.
According to the president, the historic deal is worth $300 billion and is a huge victory “for American workers, energy producers” and Texas residents.
Trump noted that investments in the project were made by US partners and India’s largest private energy company, Reliance, for which he expressed his gratitude.
“The new refinery in Brownsville will fuel U.S. markets, strengthen our national security, increase energy production in America, bring billions of dollars in economic impact, and be the cleanest refinery in the world,” the White House chief said.
He added that the new refinery will boost global exports and create thousands of jobs and economic growth in the region.
In summary, Trump said that multi-billion dollar deals are returning to the country thanks to his “America First” program, as well as the simplification of permitting procedures and tax cuts.
