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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KKR defeat LSG via Super Over
Lucknow (PTI): Kolkata Knight Riders edged Lucknow Super Giants via Super Overs in a battle between two bottom-placed teams in the IPL, here on Sunday.
Chasing a modest 156, LSG suffered a batting collapse and managed to tie the contest and take it to Super Over with No. 9 Mohammed Shami striking a last-ball six against a wayward Kartik Tyagi, who leaked 16 runs in the final over.
But Sunil Narine bowled a stunning Super Over conceding just one run and taking two wickets to give KKR an easy target.
Rinku Singh then finished the chase with a boundary off first ball from Prince Yadav.
Earlier the KKR were in deep trouble with 93/7 in 15 overs but Rinku smashed a sensational 83 not out from 51 balls including four sixes in a row in the final over to lift them to 155/7.
Cameron Green (34) was the only other batter to reach double-digit scores as KKR suffered a familiar batting meltdown with Mohsin taking his maiden fifer.
In reply, LSG continued their dismal show with the bat to succumb to their fifth loss in a row.
Brief Scores:
Kolkata Knight Riders 155/7; 20 overs (Rinku Singh 83 not out, Cameron Green 34; Mohsin Khan 5/23). Lucknow Super Giants 155/8; 20 overs (Rishabh Pant 42). KKR won via Super Over.
