Washington DC, March 10 -- US President Donald Trump on Tuesday (local time) announced the opening of a new oil refinery in 50 years with the investment help from India's Reliance Industries Ltd.

In a post on Truth Social, Trump said that the new refinery would fuel American markets and strengthen national security, along with boosting energy production.

"America is returning to REAL ENERGY DOMINANCE! Today I am proud to announce that America First Refining is opening the FIRST new U.S. Oil Refinery in 50 YEARS in Brownsville, Texas. THIS IS A HISTORIC $300 BILLION DOLLAR DEAL -- THE BIGGEST IN U.S. HISTORY, A MASSIVE WIN for American Workers, Energy, and the GREAT People of South Texas! Thank you to our partners in India, and their lar...