The ProPublica report claims that Trump Jr secretly bought a stake in AFR and that the Trump family is allowing foreign investors to funnel money into the American President’s personal pockets in exchange for US government favours.
Trump announced a refinery project involving Reliance Industries in Texas. However, project documents indicate the investment is far smaller, with Reliance acting as a long term buyer while the $300 billion figure reflects projected economic impact.
Reliance obtaining a general licence would mean accelerated Venezuelan oil exports and cut crude costs for the operator of the world's biggest refining complex, Reuters reported, adding that Reliance applied for the licence in January this year.
A major portion of this investment will be directed towards the 37-gigawatt Khavda renewable energy park by 2030, in addition to doubling the capacity of Mundra Port in the next decade.
India and Russia continue to have deeper energy links that are structural rather than transactional. While Rosneft owns over 49% of Nayara Energy's Vadinar refinery in Gujarat, Indian PSUs possess nearly half of Rosneft's Vankorneft subsidiary, a substantial investment in Taas Yuryakh, and a longstanding position in the Sakhalin-1 project.