Trump says Reliance to invest in new Texas oil refinery
New York/Washington, Mar 11 (PTI): US President Donald Trump has said that India’s Reliance Industries will make an investment in a new oil refinery being opened in Texas, thanking the company and "our partners in India" for the deal.
Describing it as a "historic USD 300 billion deal", Trump in a social media post on Tuesday said the project is being enabled by his administration’s "America First agenda”.
He said the deal is "the biggest in the US history" and "a massive win for American workers, energy and the great people of South Texas".
However, there has been no official communication from Reliance Industries on the deal so far.
"Thank you to our partners in India, and their largest privately held energy company, Reliance, for this tremendous investment," Trump said.
Trump said the new refinery at the Port of Brownsville will fuel US markets, strengthen national security, boost American energy production, and generate thousands of jobs.
A press release by America First Refining (AFR) said that it received a nine-figure investment in February from a "global supermajor” at a 10-figure valuation.
AFR said it also "signed a binding 20-year offtake term sheet with the same global supermajor that secures commitments to purchase, process, and distribute American-produced energy exclusively sourced from American shale oil”.
The press release did not mention Reliance Industries or specify the amount it plans to invest in the project.
The company said it plans to break ground on the refinery in the second quarter of 2026.
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345 Indian fishermen stranded in Iran return home via Armenia
New Delhi (PTI): A group of 345 Indian fishermen, who were stranded in Iran amid escalating regional tensions, returned to India via Armenia on Saturday, officials said.
External Affairs Minister S Jaishankar thanked his Armenian counterpart Ararat Mirzoyan for assistance in return of the Indian nationals.
The Indian nationals arrived in Chennai this evening, the officials cited above said.
The circumstances that led to them being stranded in Iran were not immediately known.
"Thank FM @AraratMirzoyan and the Government of Armenia for facilitating the evacuation of Indian fishermen today from Iran, through Armenia to India," Jaishankar said on social media.
Over 1,500 Indian nationals have left Iran through land border crossings in Armenia and Azerbaijan since the start of the West Asia conflict over a month ago.
"A group of Indian fishermen, stranded in Iran, are returning home via Armenia today; their flight is expected to reach India this evening," a government statement said.
It said the Ministry of External Affairs continues to closely monitor the evolving situation in the West Asian region, with the safety, security and welfare of the Indian community being accorded the highest priority.
It also made a mention of five Indians being injured in Abu Dhabi on Friday.
According to Abu Dhabi authorities, the Indian nationals were among the 12 people injured by debris from an intercepted missile.
"In an attack in Abu Dhabi, five Indian nationals were injured; four have been discharged, one remains under treatment," the Indian government's statement said.
It said the Indian mission in Abu Dhabi is extending "full" assistance and coordinating with local authorities, adding that their flight is expected to reach India this evening.
