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Trump Jr. invests nine-figure stake in first U.S. refinery

6/10/2026

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Story summary
  • America First Refining announced a nine-figure Reliance Energy investment when Donald Trump Jr., son of President Donald Trump, bought a stake.
  • America First Refining, which missed deadlines and whose founder faced lawsuits and bankruptcy, aims to build first U.S. oil refinery in 50 years.
  • A source reported the team claimed Trump family backing would open White House doors, met Saudi investors, and President Donald Trump posted about project in March.