Trump announces new oil refinery in Texas with major investment from India's Reliance

Donald Trump announced plans for a new oil refinery to be built in Texas, which he described as the first major refinery project in the United States in 50 years. He said the project involves a $300 billion investment from Reliance Industries, a large Indian company led by Mukesh Ambani.

Trump thanked Reliance for the investment during his announcement. The news came alongside reports that ExxonMobil is also moving some corporate operations to Texas.