New Delhi, March 11 -- President Donald Trump on Tuesday said that India's Reliance Industries was supporting a proposed oil refinery project in Texas that he described as a 'historic' development for the United States energy sector. "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!" President Trump wrote on Truth Social.

The announcement, made on the Truth Social platform, framed the project as a central element of an agenda aimed at strengthening domestic energy production and expanding industrial investment.

The proposed oil refinery would be developed by a company known as America First Refining and located at the Port of Brown...