Robert Kiyosaki, renowned entrepreneur and author of Rich Dad, Poor Dad, analysed the rationale behind India’s involvement in the first new U.S. oil refinery in half a century, hailed by President Donald Trump.
The refinery in Brownsville, Texas, is part of a $300 billion investment to be backed by Reliance Industries over two decades. The company is owned by India’s richest man, Mukesh Ambani.Notably, Reliance operates the world’s largest oil refining complex in Jamnagar, India.
Kiyosaki, in a Facebook post on Wednesday, highlighted that as the world’s attention was on Iran, Trump quietly “seized control” of Venezuela’s oil sector, which boasts the largest proven oil reserves globally. However, Venezuelan oil is heavy with high sulphur and requires specialized refining equipment, which most American refineries lack.
Interestingly, Reliance’s Jamnagar refinery, handling over 1.2 million barrels of crude oil per day, is equipped to process this …Full story available on Benzinga.com
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