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Refinery renews Trump-Ambani ties
Financial Express Mumbai
|March 13, 2026
Details of RIL’s involvement in proposed US plant being negotiated
IN ONE MOVE, Reliance Industries has reset its relationship with US President Donald Trump.
The Mukesh Ambani-led conglomerate is in talks with America First Refining, with options ranging from an equity stake to offtake agreements or broader strategic partnerships, people familiar with the matter said, asking not to be identified as the information is private.
The potential deal underscores how Reliance is capitalising on shifting energy alliances as geopolitical conflicts choke energy supplies. Although it didn’t name Reliance, the US had last year accused India’s politically connected energy titans of war profiteering through purchases of discounted Russian crude.
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