Trump touts 'historic' $300B oil refinery deal to boost American energy

Описание: The first new U.S. oil refinery in 50 years is set to be built in South Texas with a big investment from an Indian company, according to President Donald Trump.

“America is returning to REAL ENERGY DOMINANCE!” Trump said in a Truth Social post Tuesday.

The company building the refinery, America First Refining, said it secured a capital investment and long-term commitment from a “global supermajor” to buy billions of dollars of U.S. light shale oil and the refined products from the new facility in Brownsville, Texas.

Trump called it a “historic” $300 billion deal.

America First Refining said the agreement will improve the trade imbalance between the U.S. and India.

“A new Refinery at the Port of Brownsville, will fuel U.S. Markets, strengthen our National Security, boost American Energy production, deliver Billions of Dollars in Economic impact, and will be THE CLEANEST REFINERY IN THE WORLD,” Trump said on social media.

America First Refining didn’t name the “global supermajor” that made the big investment in the new refinery, which is slated to begin construction next quarter.

But Trump announced it was India’s Reliance Industries.

America First Refining said the facility will be specifically engineered to process American light shale oil, which the U.S. has in abundance.

The refinery will have the capacity to process about 60 million barrels a year, and it’ll be built at a deep-water port that will allow it to export its products overseas.

"This project represents a historic step forward for American energy production," said America First Refining founder John Calce in a news release. "For the first time in half a century, the United States will build a new refinery designed specifically for American shale oil. Thanks to President Trump's leadership and the resurgence of an America First energy policy, we are creating thousands of high-quality jobs while ensuring more of our nation's energy resources are refined here at home in the cleanest, most efficient refinery on the planet."

University of Houston energy economist Ed Hirs said it’s good that the refinery will be geared for processing the lighter crude found in places like Texas, New Mexico, North Dakota, Colorado and Wyoming.

Shale oil makes up about 8 million barrels a day of our current production, Hirs said.

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