The first major oil refinery will open in America after 50 years. President Trump announced a historic deal of $ 300 billion with Reliance.

News India Live, Digital Desk: US President Donald Trump criticized the Indian giant Reliance Industries has announced a deal that has created a stir in the energy market across the world. Trump informed on the social media platform ‘Truth Social’ that for the first time after 50 years, a new and huge oil refinery is being opened in Texas, America.

What is this ‘historic’ deal?

300 billion dollar investment: Trump has called it the biggest deal in American history. The total cost of this project is approximately 300 billion dollars (about Rs 25 lakh crore) It is being told.

Role of Reliance: Mukesh Ambani’s Reliance Industries is investing in this mega project as the main partner. Trump has especially expressed gratitude to Reliance and India for this.

Location: This refinery is in Texas Port of Brownsville Will be made in.

Claims to be the world’s cleanest refinery

Trump has claimed that it will not be just a refinery, but it will “The cleanest refinery in the world” Will happen.

American Shale Oil: This refinery is completely designed to process light shale oil produced in America.

Energy Dominance: This step is being considered a part of Trump’s ‘America First’ policy, the aim of which is to make America self-reliant in the field of energy.

Important step between Iran war and global crisis

This announcement has come at a time when there is a fierce conflict between Iran and America-Israel in West Asia (Middle East).

Strait of Hormuz crisis: Due to the war, the main route for global oil supply (Strait of Hormuz) is almost at a standstill.

Control of prices: America believes that due to increase in domestic refining capacity, the prices of petrol and diesel in the country will remain under control despite the international crisis.

Thousands of Jobs: The project is expected to create thousands of new jobs in the South Texas area.

Rise in Reliance shares

After the arrival of this news, enthusiasm was also seen in the Indian stock market and a rise of about 2% was recorded in the shares of Reliance Industries. However, a detailed official statement on this investment is yet to come from Reliance.